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ORLEN finalising acquisition of additional 60 service stations in Hungary

Polish energy company ORLEN announced on Thursday (25 January) that it is finalising the purchase of more than 60 service stations in Hungary.

“We have established a modern corporation that is rapidly solidifying its position in the region. By the end of this year, we will achieve our strategic target of a fuel sales network comprising 3,500 sites. Leveraging ORLEN’s strong position, M&A experience, and financial capabilities, we have increased our station count by nearly 350 in the past 12 months, including over 330 service stations abroad,” said Daniel Obajtek, CEO and President of the ORLEN Management Board.

The Polish company currently has 83 service stations in Hungary. The process to acquire another 63 sites, forming the last pool to be transferred under the agreement with Hungary’s MOL, began in early January, ORLEN said in a press release.

“Our priority now is to bring all newly acquired facilities up to the high standards that are the hallmark of the ORLEN retail network. Additionally, we will consistently develop the EV charging infrastructure at further service stations,” Mr Obajtek added.

The acquisition and rebranding process is planned to be completed towards the end of April, which is expected to position ORLEN as the third largest retail network in Hungary with over 140 stations.

ORLEN to become biggest service station provider in Czechia

The purchase of the additional service stations in Hungary is set to bring the total number of the company’s service stations to over 3,500, including 1,572 sites abroad and 1,929 in Poland.

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