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Detail - articles
Owner of Unipetrol is interested in byuing petrol stations in Germany

Owner of Unipetrol is interested in byuing petrol stations in Germany

20/08/2013 16:10
Author: ČTK

Polish petrochemical concern PKN Orlen (44,17 PLN, -1,84%) (44.43 PLN, -1.27%), which owns the Czech Unipetrol (171,5 CZK, 0,00%) is interested in buying petrol stations in Germany to expand its local network. This was stated by the Frankfurter Allgemeine Zeitung CEO of PKN Michal Brylinski.

"Over the next five years we want to expand your network with the brand Star from less than 570 to 750 filling stations," cited a list Brylinského. According to the company PKN is particularly interested in the pumping station in Bavaria. Takeover target will most likely be independent gas stations since major competitors now are also interested in expanding rather than in sale of assets.

PKN, according to data sheet owns on the German market share of around four percent. It is the seventh and largest chain of petrol stations in the country, Reuters news agency reported.


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