MOL announced yesterday it has signed a sale and purchase agreement with Petrom and OMV Romania on the sale of 30 retail stations and the simultaneous purchase of 11 stations in Romania. The transaction also includes the sale of MOL’s Romanian Aviation business, according to a company statement. MOL has also added plans to open 6 new stations in Romania in 2006 to support its strategic targets in the country.
We view the news as neutral, as MOL has announced that its Romanian retail fuel market share will remain largely unchanged after the deal and the transaction has served only to increase the efficiency of its Romanian retail operations.