Hungarian MOL Group acquires 417 petrol stations in Poland

The Hungarian MOL group acquires 417 petrol stations from PKN Orlen and Lotos Group in Poland.

As a result of this USD 610 million transaction, MOL could become the third largest player on the Polish fuel distribution market.

In order for the transaction to be approved, MOL must sell 185 fuel stations in Hungary and Slovakia to PKN Orlen for USD 259 million.

The transferred assets will include 144 fuel stations in Hungary and 41 stations in Slovakia.

Hungarian petrol company operate 2,390 fuel stations in Europe under five different brands.