MOL Group acquires retail assets in Slovakia and Hungary, in line with its updated long-term strategy
- MOL started to deliver on its recently updated 2030+ Strategy in Consumer Services
- Slovnaft, member of MOL Group acquires 16 service stations in Slovakia, currently operated under Lukoil brand
- MOL to buy the company operating Marché restaurants in Hungary
Budapest, 24 March2021 – MOL Group announces the acquisition of 100% of Normbenz Slovakia s.r.o. by Slovnaft that includes 16 service stations in Slovakia operated under the Lukoil brand. MOL has also concluded a deal with Marché International AG to buy the company that operates 9 restaurants in Hungary under the Marché brand.
The agreements fit the Group’s “SHAPE TOMORROW” 2030+ updated long-term strategy, which lays special emphasis on the development of Consumer Services.
“Further develop the food and convenience offers and network expansion is both part of our updated strategy and serves our aim to become regional leader in fuel and convenience retailing. In order to reach that, we seek new opportunities with a new determination . Welcoming the 16 new service stations in Slovakia gives us the opportunity to expand our presence in the country and to introduce our existing Fresh Corner concept throughout the new Slovnaft stations. The acquisition of the company operating Marché restaurants in Hungary creates new perspectives for MOL as well, as it can take its gastro offer to a whole new level and reach a wider audience with its retail services.” - said Péter Ratatics, Executive Vice President for Consumer Services of MOL Group.
"We are expanding Slovnaft's retail network in Slovakia to get closer to our customers. The acquired filling stations will be rebranded and they will provide people on the roads with the high standard of products and services they expect from our network," said Timea Reicher, Retail Director of Slovnaft, a.s."
The acquisition of 100% of Normbenz Slovakia s.r.o. includes 16 Lukoil branded fuel retail stations in Slovakia with a countrywide coverage. The stations provide good complement for Slovnaft’s network in the country, which currently consists of 254 service stations. The network will continue to operate under the Slovnaft brand. Slovnaft’s intention is to introduce the Fresh Corner concept after the takeover, with premium gastro products and other services that are already offered in the Slovnaft network. The transaction is subject to competition clearance by the Antimonopoly Office of the Slovak Republic (“AMO”).
Seven of the acquired nine restaurants of Marché International have been integral parts of the MOL service stations for over 10 years. With their freshness and à la minute preparation concept, the restaurants and their employees provide premium quality on the European market. Over the years MOL has gained regional experience and expertise, and as a result the company can now operate the restaurants as part of its own business, with the intention to include them into the Fresh Corner concept. The acquisition is subject to the approval of the Hungarian Competition Authority (“GVH”).
The Fresh Corner concept was launched in 2015, and as a result, customers on the road can enjoy quality coffee, hot dogs, fresh sandwiches and pastries at the service stations in addition to filling up their car. The chain now has 955 outlets and the concept greatly contributed to the record result of the Consumer Services segment in 2020 – increasing the EBITDA of the Group by USD 510 million.
About SLOVNAFT Group
SLOVNAFT Group is an integrated refining and petrochemical company based in Bratislava, Slovakia. The group’s key company is SLOVNAFT, a.s., operating one of the most complex refineries in Europe and processing up to 6 million tons of crude oil annually. More than half of Slovnaft´s production is being exported to Central and Western Europe´s markets. Slovnaft operates the largest network of 254 service stations in Slovakia. Modern Fresh Corner stores, which serve all customer’s needs on roads are part of 232 service stations. The company is among the leaders in CSR and corporate philanthropy in Slovakia, significantly supporting sports, culture, education, youth and ecology projects. Forbes Magazine ranked the Slovnaft brand among the most valuable Slovak brands. SLOVNAFT Group is a member of international MOL Group.
About MOL Group
MOL Group is an integrated, international oil and gas company headquartered in Budapest, Hungary. It is active in over 30 countries with a dynamic international workforce of 25,000 people and a track record of more than 100 years in the industry. MOL’s exploration and production activities are supported by more than 75 years’ experience in the hydrocarbon field. At the moment, there are production activities in 9 countries and exploration assets in 14 countries. MOL Group operates three refineries and two petrochemical plants under integrated supply chain management in Hungary, Slovakia and Croatia, and owns a network of almost 2,000 service stations across 10 countries in Central & South Eastern Europe.
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