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green energy

investment

waste management

mobility

carbon emissions

interviews

Business

Hungary's Mol buys hundreds of petrol stations in Poland

Green Forum

25 January, 2023 at 8:14 AM

The European Commission approved the acquisition of Lotos by Polish PKN Orlen in the summer, and the news also had Hungarian implications, as PKN had to sell assets in order to acquire its sector partner, some of which were to be obtained bz Hungarian energy group Mol. The latest news is that this transaction has been completed, with Mol buying Lotos Paliwa, which operates 80% of the petrol stations owned by the Lotos oil company, for a total of USD 610 million.

"The agreement signed between Mol, PKN Orlen and Grupa Lotos resulted in the purchase of over 410 stations in Poland. The agreed purchase price amounted to USD 610 million, it consists of cash consideration of USD 464mn and assumes taking over a financial lease liability of USD 146 million. The agreed purchase price is subject to customary adjustments," Mol said in a statement.

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