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.

Solar overtakes gas as Hungary's second-largest electricity source

Solar power has rapidly risen to become Hungary's second-largest source of electricity, overtaking gas for the first time in 2024.

Real estate

Futureal Energy launches international expansion under new brand

Futureal Group's energy division has entered international markets under the newly established brand Futureal Energy Partners. The move marks a significant step in the company's strategy to broaden its presence in renewable energy investment and electricity trading across Europe.

Energy

MET Group inaugurates largest battery energy storage facility in Hungary

Met Group has inaugurated Hungary's largest standalone battery energy storage system (BESS), a 40 MW / 80 MWh facility located at the Dunamenti Power Station in Százhalombatta.

Real estate

CEE industrial market becomes more selective and data-driven

The industrial real estate market in CEE has entered 2025 with strong momentum. According to new market data released by iO Partners, the total stock of industrial space has reached 34.4 million sqm in Q1 2025, marking a 1.1% quarter-on-quarter increase. 

Business

MOL doubles solar capacity with 66 MW acquisition

MOL has expanded its renewable energy capabilities by acquiring Naperőmű Farm, a company behind the development of a 66 MW solar power plant in Ballószög, Hungary.

Environment

Energy sector greenhouse gas emissions decline in Hungary

Greenhouse gas emissions in Hungary's energy sector are on a downward trend as the share of electricity generated by fossil fuels drops and that of renewables and nuclear power grows.

Environment

Transgaz reports on sustainability initiatives

The total amount of waste generated by Transgaz in 2022 was 648,113 tons, according to the company's Sustainability Report for 2022.

LATEST NEWS

20 Oct

Cost remains main driver and biggest barrier in sustainability

15 Oct

Nepi Rockcastle opens its first solar park in Romania

10 Oct

Nearly 772 million liters of water are lost annually due to leakages

23 Sep

Iulius invests €29 million in Europe's largest private soil cleanup

17 Sep

EU struggles to agree on climate targets, set to miss UN deadline

CONFERENCES

CEE PROPERTY FORUM & AWARDS GALA 2024 - VIENNA, AUSTRIA

POLAND ESG FORUM 2024

Romania ESG Forum 2024

RECOMMENDED FROM THE HOME PAGE

Business

Cost remains main driver and biggest barrier in sustainability

51% of Romanian entrepreneurs see sustainability as a way to reduce operational costs, yet the same proportion say implementation is too expensive, according to a new study by BRD Groupe Société Générale. Conducted among micro and small-to-medium enterprises, the research outlines how Romanian entrepreneurs perceive the opportunities and challenges of transitioning to sustainable business models.

Environment

Nearly 772 million liters of water are lost annually due to leakages

The Annual Water Report, based on over 13.5 billion liters of monitored water usage across 5,370 properties in 36 countries, reveals that 67% of properties experience water leakage yearly. With rising water scarcity, increasing tariffs, aging infrastructure, and stricter regulations, property owners are under growing pressure to better understand their water consumption.

Real estate

Iulius invests €29 million in Europe's largest private soil cleanup

Romanian developer Iulius has launched Europe's largest private bioremediation project, investing €29 million to clean 38 hectares of contaminated land in downtown Constanța. The project will transform the former Oil Terminal platform into an integrated urban regeneration complex worth over €800 million.

Energy

EU struggles to agree on climate targets, set to miss UN deadline

The European Union is at risk of missing a key United Nations deadline for submitting updated climate targets, as internal disagreements among member states delay a final decision on emissions goals for 2040.

Energy