2024-12-20
energy
MOL has announced plans to integrate its wholesale and retail operations in Poland by merging Slovnaft Polska into MOL Polska. The formal merger is expected to be completed by the end of 2025, marking a significant step in MOL’s strategic alignment of its business structure in one of its key regional markets. “The integration of wholesale and retail activities under one company is a natural progression that will enhance the efficiency of our operations in Poland,” said MOL Group Vice-President for Consumer Services. “This approach aligns with MOL’s core business model, which covers the entire value chain for customers and partners. By leveraging synergies in this new structure, we aim to strengthen our business development efforts in Poland, one of our most critical markets in the region.” Slovnaft Polska, established in 1997, has been a key player in the wholesale market in southern Poland. It imports, stores, and distributes liquid fuels produced at MOL Group’s refineries in Bratislava (Slovakia) and Százhalombatta (Hungary). Fuels are transported by rail and stored in fuel terminals in southern Poland. Since 2006, Slovnaft Polska has operated the Slovnaft Partner program, supplying fuel to nearly 90 petrol stations, primarily in southern Poland. By integrating Slovnaft Polska’s wholesale operations with MOL Polska’s retail activities, MOL will provide a unified and comprehensive offering for customers and partners across the country. The integration process will occur in two phases: 1. Acquisition of Slovnaft Polska shares by MOL Polska – Already completed. 2. Transition of Slovnaft Polska’s operations into MOL Polska structures – Expected to conclude by late 2025. While Slovnaft Polska’s wholesale operations will be absorbed into MOL Polska, its office in Kraków and the Slovnaft Partner program, which currently supports 88 service stations, will continue to operate during and after the transition. MOL Polska’s President, Richard Austen, highlighted the importance of maintaining strong relationships with Slovnaft Polska’s existing partners: “We value the long-standing partnerships we’ve built with station owners. While we plan to explore incorporating these partners into the MOL network in Poland, we aim to ensure that any such transition offers excellent conditions and benefits for all involved.” Source: MOL Polska and ISBnews