MOL Group successfully completed the takeover of the business activities of LUKOIL Czech Republic s.r.o. in the Czech Republic, including 44 LUKOIL service stations. This step will significantly contribute to improving MOL Group’s market position and the intention of becoming a leading retailer company in selling fuel and non-fuel goods and services. MOL Group currently operates 192 service stations under Slovnaft, Pap Oil, and Lukoil brands in the Czech Republic, which are planned to be united in the course of 2015 under two strong brands.

"MOL Group significantly strengthened its retail position by acquiring LUKOIL’s service stations in the Czech Republic which will help us to further grow and also to become a number one choice for customers," said Lars Höglund, MOL Group Retail Senior Vice President.

"Through this transaction, we are represented by three brands – Slovnaft, Pap Oil and LUKOIL on the Czech market. We aim to introduce MOL brand, which identifies our service stations in Hungary, Romania, Serbia, Slovenia and Austria as well, while keeping the currently operating Pap Oil brand" added Lars Höglund.

MOL Group is committed to offer products and services to all its customers of superior quality and to continually innovate and develop its service stations. Following the takeover, a new range of high quality lubricants and auto chemicals with MOL branding will also be introduced to LUKOIL service station customers.

The offer of fuels and services, including fuel cards, remains unchanged by the acquisition at Lukoil service stations.

MOL Group also announced the acquisition of 208 ENI service stations in three CEE countries, including the Czech Republic in May, 2014. After meeting all the contractual terms and concluding this transaction, MOL Group will be among the ten largest companies in the Czech Republic.

About MOL Group

MOL Group is an integrated, independent, international oil and gas company, headquartered in Budapest, Hungary. It has operations in over 40 countries and employs almost 28,000 people worldwide. MOL’s exploration and production activities are supported by more than 75 years’ experience in the hydrocarbon field. At the moment, there are production plants in 7 countries and exploration assets in 12 countries. The Group operates five refineries and two petrochemicals plants, under integrated supply chain management, in Hungary, Slovakia, Croatia and Italy. MOL Group also owns a network of over 1,700 filling stations across 11 countries in Central & South Eastern Europe.