MOL Group has signed a deal to acquire Eni’s business in Hungary.
The company said the move would contribute to MOL’s growing retail presence within the supply radius of its refineries.
Eni Hungaria currently own 183 Agip branded service stations in the country.
Ferenc Horvath, downstream executive vice president, for MOL Group said: “This acquisition is yet another important step for our downstream business as it will increase the markets for our refineries, significantly elevate our fuel volumes going through our network and ensure further overall margin capture.
“I’m glad that with today’s transaction we once again deliver on our promises.”