PKN eyes long term growth in German fuel market

By 2010, Polish fuel concern PKN Orlen intends increasing its share in the German petrol station market by 10%, announced president of Orlen Deut schland Jean Jacques Verschueren. This year Orlen entered the German market purchasing nearly 500 petrol stations from British Petroleum at a total cost of EUR140 million. To increase the market share, the company wants to invest EUR35 million annually. Of the 500 petrol stations taken over by Orlen almost half have already been modernized with the remaining stations to be modernized by the end of the year. Orlen intends to run its business under two brands. Whereas 150 petrol stations of a higher standard will be o perating under Orlen, the remaining lower standard ones will operate under Star. (Parkiet, p. 5) A.Z.