ADVERTISEMENT

MOL plans to boost Austrian petrol station number

Deals

Hungarian oil and gas company MOL has plans to boost its number of petrol stations in Austria to 100 by year-end.

MOL expressed interest in acquiring a hundred petrol stations Austrian peer OMV wants to part with, but it received no response, CEO Zsolt Hernádi told the Club of Business Publicists in Vienna on Monday, the Austrian Press Agency (APA) reported.

MOL aims to take a 5%-10% stake of Austria's retail vehicle fuel market, he added.

MOL said earlier it aimed to expand its network of petrol stations in Austria to 70 units by year-end, and boost the number to 100 in one or two years.

MOL acquired a 75% stake in Roth Heizole, which owns 34 petrol stations in Austria, in 2004.

On Monday, MOL spokesman Szabolcs Ferencz said the 34 Austrian petrol stations MOL acquired when it purchased a 75% stake in Roth in 2004 will continue to bear the Roth name for the time being. MOL wants to keep its image as a premium brand, he explained. (MTI – Econews)

ADVERTISEMENT

Consumer, business confidence reach 2-year high - GKI Analysis

Consumer, business confidence reach 2-year high - GKI

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

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.