Slovnaft plans to expand on Czech petrol market

In Hungary

Slovakian oil company Slovnaft, a unit of Hungary’s MOL, plans to acquire 23-25% of the Czech retail petrol market, the business daily Napi Gazdasag reported on Tuesday.

Slovnaft plans to meet the targeted market share through the purchase of the petrol stations belonging to OMV or another oil company, the daily reported.

Slovnaft plans to establish tighter contacts with the Czech Cepro network, which operates 200 pumping stations in the country, Napi Gazdasag noted, citing Slovnaft CEO Oszkar Vilagi, who recently confirmed the plan to a Czech newspaper.

A 25% share would make Slovnaft the market leader on the segmented Czech market, where the largest player Benzina, which is part of the Polish group PKN Orlen, has a share of 14%.

Austria’s OMV, the second biggest company

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.