MOL Group will acquire more than 400 service stations in Poland

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MOL has signed a series of agreements with Grupa Lotos SA and PKN Orlen relating to the sale and purchase of several elements of the portfolio. MOL acquires 417 service stations in Poland, which allows the company to reach the 3rd position in the local fuel retail market. A long-term supplementary agreement provides for the supply of fuel to the network acquired in Poland. The agreements are in line with MOL Group’s updated long-term strategy “SHAPE TOMORROW” 2030+.

With this acquisition, MOL Group enters the 10th country with its Consumer Services segment. The number of service stations in the portfolio will reach 2390 from the recent 1943 units, operated under 5 different brands. This includes the 120 OMV service stations in Slovenia recently acquired and the 95 new service stations in Slovakia and Hungary. These transactions are subject to merger authorization.

After the closing of the transaction, MOL would become a major player in the Polish fuel retail market, while this agreement offers an exceptional inorganic expansion opportunity and an excellent fit with the ambitious growth strategy of consumer services. .

“For MOL, this agreement represents a major step in the strategic transformation journey that we began in 2016 and accelerated last year through our updated strategy. The acquisition of the ACG asset in Azerbaijan, the construction of the new polyol plant in Hungary and our entry into Poland are all important steps on the way to achieving our objectives. Through this acquisition, we will gain access to the largest economy in Central and Eastern Europe as well as reach nearly 40 million potential customers with our products and services. Hungarians and Poles share the same historical experiences, our common goal is to ensure the secure energy supply of the CEE region, I believe that the North-South energy corridor will be further strengthened with this agreement,” said Zsolt Hernádi, Chairman and CEO of Groupe MOL.

“This is a defining moment for the Polish oil industry. We are about to finalize the acquisition of LOTOS Group, an agreement intended to benefit the entire Polish economy, the two companies involved, their respective customers, employees and shareholders. Since initiating the process, we have emphasized that the priority is to derive additional benefits from fusion remedies, and we have succeeded. In retail, we have negotiated an asset swap agreement with our Hungarian partner, which will directly advance our geographic expansion plans by strengthening the retail chain in Slovakia, but also by l ‘entering a whole new market of Hungary,’ said Daniel Obajtek, Chairman of the Board of PKN ORLEN.

MOL’s regional footprint will be further diversified and the captive market expanded in the region’s largest economy in Central and Eastern Europe. The package of assets purchased would provide a foundation for future growth in the country, where MOL has had a limited presence until now. Poland has good economic prospects and a high motorization rate with huge market potential in the region with an annual fuel consumption of 23 million tons and growth expectations of 1-2% in the medium term. The acquired network offers particularly strong market positions among motorway service stations with new organic growth opportunities and a significant advantage to develop non-fuel sales.

“Just under a year ago, we launched MOL’s 2030+ strategy and our goal was to expand our service station network to an additional 2,200 units in the CEE by 2025. By completing this transaction , we would even exceed this objective by welcoming Poland into our portfolio of consumer services. We will not stop there because we believe that Consumer Services has great potential on the road to the energy transition. Our objective is to serve a growing number of customers and to provide mobility solutions adapted to changing consumer habits, as well as the best quality services and goods. Lotos’ large network will be an excellent basis for this,” said Péter Ratatics , Executive Vice President of Consumer Services, MOL Group.

Subject to the final approval of the acquisition of the Polish assets, MOL would sell 185 service stations from its portfolio 144 located in Hungary and 41 in Slovakia to PKN Orlen for 259 million USD.

The deal is subject to the green light from PKN Orlen of the European Commission to complete its merger with Lotos.

About MOL Group

MOL Group is an integrated international oil, gas, petrochemicals and retail company, headquartered in Budapest, Hungary. It is active in more than 30 countries with a dynamic international workforce of 25,000 people and an experience of more than 100 years. MOL Group operates three refineries and two petrochemical plants under integrated supply chain management in Hungary, Slovakia and Croatia, and has a network of almost 2,000 service stations in 9 countries in Central and South Eastern Europe. . MOL’s exploration and production activities are based on more than 85 years of experience in the field of hydrocarbons and 30 years in the injection of CO2. Currently, there are production operations in 9 countries and exploration assets in 14 countries.

MOL is committed to transforming its traditional fossil fuel-based operations into a sustainable low-carbon business model and aspires to become net carbon neutral by 2050 while shaping the circular low-carbon economy by Central and Eastern Europe.

Commercial presence of the MOL group in the EEC

Currently and without the new acquisitions, MOL Group has 1943 service stations in 9 countries under 5 different brands. 468 in Hungary, 435 in Croatia, 303 in the Czech Republic, 254 in Slovakia, 243 in Romania, 105 in Bosnia and Herzegovina, 71 in Serbia, 53 in Slovenia and 11 in Montenegro. The MOL Group holds a leading market position in Hungary, Croatia, Slovakia and Bosnia and Herzegovina, the second market player in the Czech market and the third in Slovenia, Romania and Montenegro.


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