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Slovnaft plans to expand on Czech petrol market

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