The deal does not includ Eniʼs wholesale lubricants business.

The investment is in line with the MOL Group’s strategy to expand its presence and increase its retail market share within the supply radius of its core refineries. With 108 company-owned service stations, the acquisition is a unique opportunity for the MOL Group as it includes key retail positions and strengthens the companyʼs position in and around Budapest.

The transaction is still subject to competition clearance.