Hungary: MOL completes acquisition of Eni's retailing business

MOL Group has completed the acquisition of the entire share capital of ENI Hungaria, a company managing 173 Agip branded service stations in Hungary.

Excluding the Eni branded lubricant, the deal will also see Mol acquire the company´s wholesale business in the country. As a result of the acquisition MOL’s retail network grows to over 500 service stations in Hungary.

“The acquisition and integration of around 450 filling station in CEE over the past two years helps us to achieve our strategic goal by 2017, a significant, over 25% fuel volume growth,” said Ferenc Horváth, Downstream Executive VP, MOL Group.

With the acquisition of ENI Hungaria, MOL Group will rebrand the Agip stations to MOL according to the latest standards, including the introduction of the Fresh Corner concept with a special focus on coffee, fresh food, everyday grocery.

“We see a great potential in leveraging the newly acquired Agip selling points in line with our new Retail concept: we envisage to become customers’ obvious choice in fuel and in convenience retailing,” commented Lars Höglund, Senior VP of MOL Group Retail.

MOL Group now owns a retail network of over 2,000 service stations across 10 countries in Central Eastern Europe.