MOL completes LUKOIL takeover in Czech Republic

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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.

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