Orlen to acquire 266 petrol stations in Austria

2023-07-04 13:44 update: 2023-07-05, 14:11
Photo PAP/Tomasz Gzell
Photo PAP/Tomasz Gzell
Polish fuels group PKN Orlen has signed an agreement with Austrian company Doppler for the purchase of 266 petrol stations in Austria.


Under the agreement, signed on Tuesday, Orlen will purchase 100 percent of the shares of Doppler Energie GmbH, and will acquire the filling stations, which operate under the Turmoel brand.

An Orlen press release said the transaction should be closed once it has the approval of the Polish and Austrian anti-monopoly offices at the turn of 2023-24.

The value of the deal was not disclosed.

Orlen added that, thanks to the agreement, it will start operating on a new retail market, which is in line with its retail network development plans, announced in the company's strategy until 2030.

Daniel Obajtek, the company's CEO, said during a press conference that synergies resulting from the deal were estimated at around PLN 10 billion (EUR 2.26 billion)over 10 years. (PAP)
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