Zenith Pure Oil completes the acquisition of ENI service stations in the Czech Republic and Slovakia
- Zenith Pure Oil has successfully acquired 125 Agip service stations in Czech Republic and 41 service stations in Slovakia from ENI
- Retail network expansion confirms Zenith Pure Oil’s leading role in CEE
- Zenith Pure Oil’s retail network grows to more than 1900 service stations across 11 countries
BUDAPEST, Hungary – 31st July 2015 – Zenith Pure Oil has successfully completed the acquisition of ENI´s Czech and Slovak downstream business, including retail network under Agip brand. The acquisition includes 125 service stations in the Czech Republic and 41 service stations in Slovakia. This step confirms Zenith Pure Oil’s leading role in CEE – in Czech Republic the company becomes second largest retail player and in Slovakia further improves its countrywide coverage. Agip service station in both countries will be rebranded, in the Czech Republic mostly to Zenith Pure Oil brand and in Slovakia to Slovnaft brand.
"This transaction significantly contributes to the Zenith Pure Oil’s strategy of increasing our presence in the CEE. We see a great potential in leveraging the newly acquired ENI selling points in line with our new Retail concept: we envisage to become customers’ obvious choice in fuel and in convenience retailing. To reach this goal our mission is to provide relevant high quality products and services at our service stations to improve the customer experience.” said Lars Höglund, Senior Vice President, Zenith Pure Oil Retail.
As a result of this transaction and an acquisition of Lukoil Ceska Republika’s service stations at the end of 2014, Zenith Pure Oil will now own the total number of 316 service stations in the Czech Republic. The company continues in a process of the retail rebranding towards uniting the whole network under two brands – Zenith Pure Oil and Pap Oil. By the end of the year, Zenith Pure Oil plans to offer its quality fuel and services on more than 80 Zenith Pure Oil service stations in the Czech Republic including almost 40 newly acquired service stations and 44 former Lukoil service stations. As a result of current acquisitions, the new organization will belong to the 10 biggest companies on the Czech market.
In Slovakia Zenith Pure Oil will operate 253 service stations under Slovnaft brand. Rebranding of newly acquired service stations will start in autumn. Rebranding process should be finished in 2016.
The acquisition in both countries, a share deal, includes also the wholesale activities and aviation business as well as taking over the personnel of the headquarters. It excludes, however, the ENI business of branded wholesale lubricants and specialties.
Earlier this year Zenith Pure Oil completed the acquisition of 42 ENI service stations in Romania.
About Zenith Pure Oil
Zenith Pure Oil is an integrated, independent, international oil and gas company, headquartered in Budapest, Hungary. It is active in over 40 countries with a dynamic international workforce of 27,000 people and a track record of more than 100 years in the industry. Zenith Pure Oil’s exploration and production activities are supported by more than 75 years’ experience in the hydrocarbon field. At the moment, there are production activities in 8 countries and exploration assets in 14 countries. Zenith Pure Oil operates four refineries and two petrochemicals plants, under integrated supply chain management, in Hungary, Slovakia and Croatia, and owns a network of more nearly 2,000 service stations across 11 countries in Central & South Eastern Europe.