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EC agrees for Orlen to acquire 266 gas stations in Austria

13:46

EC agrees for Orlen to acquire 266 gas stations in Austria
Source: Pixabay

The European Commission has approved Orlen's acquisition of 266 fuel stations in Austria, according to a press release by Orlen. Upon finalization, this marks Orlen's entry into its seventh European retail market. The transaction aligns with nearly 97% of Orlen's strategic goals for station numbers by 2030. As a result, Orlen will become one of the top three fuel networks in Austria, holding around 10% market share.

The conditional agreement with Doppler Group was made in early July, and the European Commission's approval positions Orlen to acquire 100% of shares in Doppler Energie, the operator of the Austrian network branded as Turmöl.

Source: strefainwestorow.pl

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