MOL buys out AGIP filling stations to become second biggest petrol retailer

Hungarian oil refining giant MOL has sealed a deal to become the second biggest petrol retailer in the Czech Republic with the purchase of 125 AGIP filling stations. The value of the purchase from Italian refining company ENI was not revealed. MOL also revealed that it has made an offer to buy out ENI’s almost 33 percent stake in Czech petro-chemical firm Česká Rafinérská. Polish controlled Unipetrol though still has first option to buy that stake.

Author: Chris Johnstone