Hungary's MOL to launch petrol station brand in Poland

MOL took possession of the Lotos stations in the deal it signed with Orlen, worth USD 610 million. Press materials

Hungarian fuels company MOL plans to introduce its brand to the Polish market "immediately," the company said in a press release on Thursday.

MOL is the owner of 410 petrol stations it acquired in a deal with PKN Orlen, Poland’s leading oil and gas company.

The stations currently operate under the Lotos brand.

"The process of introducing the MOL brand to the Polish market will begin immediately. MOL Group's ambition is to complete the rebranding of the network as soon as possible," the press release said.

MOL announced that it will now have a network of nearly 500 facilities in Poland, including those that have so far operated under the Slovnaft brand.

The company said that that it will also introduce its Fresh Corner concept to serve coffee and food at petrol stations in Poland.

MOL took possession of the Lotos stations in the deal it signed with Orlen, worth USD 610 million. The sale of the Lotos assets by Orlen was one of the conditions set out by the European Commission when it approved the merger between PKN Orlen and Lotos.

As part of the deal, MOL agreed to sell 143 petrol stations in Hungary and 39 stations in Slovakia to PKN Orlen.