ADVERTISEMENT

MOL completes LUKOIL takeover in Czech Republic

City

Hungarian oil company MOL completed the takeover of the business activities of its Russian peer LUKOIL in the Czech Republic, with assets that include 44 service stations, Hungarian news agency MTI reported. 

Prior to the closing of a previous acquisition of ENI service stations, MOL currently operates 192 service stations under Slovnaft, Pap Oil, and Lukoil brands in the Czech Republic, and these will be united in the course of 2015 under two brands, MOL and Pap Oil, a statement of MOL on Wednesday said. LUKOIL announced early in August that it would sell 75 fuel stations in Hungary and 19 stations in Slovakia to Norm Benzinkut, while it also agreed to sell its 44 Czech fuel stations to Slovnaft, the Slovak unit of MOL.

ADVERTISEMENT

Czech economic confidence weakens in November Analysis

Czech economic confidence weakens in November

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

Capital sees urban exodus during pandemic City

Capital sees urban exodus during pandemic

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.