ORLEN Germany finalizes purchase of 17 service stations
The company expects to extend its geographic reach as these sites are located in the Southern region of the country.
The ORLEN Group is finalising the purchase of 17 OMV’s service stations in Bavaria and Baden-Württemberg, southern Germany. The transaction will help the Group to expand its retail network to 604 locations and also to extend its geographic reach as most of its stations have so far been located in western and northern states.
The purchase will be funded with proceeds from the sale of part of LOTOS service stations, one of the European Commission’s merger remedies. The acquisition is expected to close by the end of February after the Group obtains clearance from the German antitrust authority and other approvals.
“In our strategy, we have set ourselves a clear goal of expanding our retail network abroad, and we are consistently delivering on that goal. We are stepping up the network expansion and strengthening our foothold in southern states,” said Daniel Obajtek, President of the PKN ORLEN Management Board.
Once closed, the transaction will help the ORLEN Group solidify its position as the sixth largest service station operator in Germany. The forecourts are located in the southern states of Bavaria and Baden-Württemberg, with 12 of the 17 sites located on the premises of Aldi Süd discount stores. The rebranding process will be completed within three months of the acquisition.
In line with the ORLEN2030 strategy, the Group targets 3,500 service stations in at least six Central European markets by 2030. The share of foreign operations in the Group’s retail network is expected to increase from 37% to 45%.
