MOL to open 70 petrol stations in Austria
Hungarian oil and gas group MOL Nyrt plans to open 70 MOL petrol stations in Austria by the end of this year, Zsolt Hernadi told the Austrian current affairs magazine profil in an interview.
MOL opened its first petrol station in neighbouring Austria on April 1 and Hernadi sees this number growing to ‘at least’ 100 by 2010, by purchasing and also by building new stations, according to profil.
Regarding the ongoing takeover offensive by its Austrian peer OMV, Hernadi told profil that in terms of company efficiency MOL should be the one attempting to take over OMV and not the other way round.
‘In fact, it always works that way, the more efficient company always takes over the less efficient one,’ said Hernadi.
Source: Thomson Financial News
Tags: Austria, MOL, petrol stations, profits