Oel-Pool AG takes over BP’s network in Switzerland
This will make the Aargau-based company the largest petrol station operator in Switzerland.
Oel-Pool AG and its gas station subsidiary, Moveri AG, have signed an agreement to take over BP's retail network and supply chain in Switzerland.
Moveri, which already operates over 330 gas stations under the Ruedi Rüssel and Miniprix, will now control BP’s 200 sites in the Alpine country. The BP brand will also be retained, according to a press release.
"On the one hand, BP is an established brand in the market with many filling stations in good locations. On the other hand, the new situation allows us synergies in the purchase of products and in the better utilisation of the tank farms," explains Ramon Werner, CEO.
With the brands Ruedi Rüssel and Miniprix, Oel-Pool AG and Moveri normally compete on the lower spectrum of fuel prices.
"The fuel market in Switzerland is in decline. Therefore, mergers with resulting synergies are the logical consequence. With this merger, a solid financial position and a dynamic corporate culture, our company is very well positioned and also has sufficient resources to shape the future of the Swiss energy market and to invest in new, CO2-free energies,” said Ramon Werner continues.
Oel-Pool AG plans plans to develop synthetic fuels in a joint venture with technology developer Swiss Liquid Future. The first products are to be presented in 2024, reports Bernerzeitung.
