MOL Group completes the acquisition of ENI service stations in the Czech Republic and Slovakia

This step confirms MOL Group’s leading role in CEE, as MOL Group’s retail network grew to more than 1,900 service stations across 11 countries. In Czech Republic the company becomes the second largest retail player and in Slovakia further improves its countrywide coverage.

As a result of this transaction MOL Group will now own the total number of 316 service stations in the Czech Republic. The company continues in a process of the retail rebranding towards uniting the whole Czech network under two brands, MOL and Pap Oil.

In Slovakia MOL Group will operate 253 service stations under Slovnaft brand. Rebranding of newly acquired service stations will start in autumn and should be finished in 2016.

"This transaction significantly contributes to the MOL Group’s strategy of increasing our presence in the CEE. We see a great potential in leveraging the newly acquired ENI selling points in line with our new Retail concept: we envisage to become customers’ obvious choice in fuel and in convenience retailing. To reach this goal our mission is to provide relevant high quality products and services at our service stations to improve the customer experience.” said Lars Höglund, Senior Vice President, MOL Group Retail.