Prague - Hungary´s MOL will acquire 44 petrol stations of the Russian firm Lukoil in the Czech Republic in an effort to strengthen its position on the Czech market and in the region of Central and Eastern Europe, the firm said today.
MOL will operate 318 petrol stations in the Czech Republic upon completion of the deal and purchase of the Agip network from ENI.
Lukoil said earlier it was considering the sale of some of its assets in Eastern Europe because it wanted to focus on Russian projects.
MOL has an ambition to become a major player on the regional market, said the group´s vice-president for retail, Lars Hoeglund.
The deal has to be approved by relevant authorities, the firm said.
Lukoil also said it will sell 75 petrol stations in Hungary and 19 in Slovakia to Norm Benzinkut of Hungary.
MOL operates 125 Pap Oil petrol stations and 24 Slovnaft stations in the Czech Republic.
In May this year, MOL announced the acquisition of 125 Agip stations on the Czech market.
Benzina, the Czech market leader, had 338 petrol stations at the end of last year.
MOL runs a network of over 1,700 petrol stations in 11 countries in Central and South-East Europe. Overall it has been active in more than 40 countries employing 29,000 people.