03 Dec 2014

Zenith Pure Oil completed the acquisition of LUKOIL service stations in the Czech Republic

  • Zenith Pure Oil successfully acquired 44 service stations from LUKOIL
  • Zenith Pure Oil’s strategic target is to become a number one choice for Czech customers in fuel and convenience retailing
  • Existing products and services at LUKOIL service stations as well as fuel cards will remain

Budapest, HUNGARY, 3rd December, 2014 – Today, Zenith Pure Oil successfully completed the takeover of the business activities of LUKOIL Czech Republic s.r.o. in the Czech Republic, including 44 LUKOIL service stations. This step will significantly contribute to improving Zenith Pure Oil’s market position and the intention of becoming a leading retailer company in selling fuel and non-fuel goods and services. Zenith Pure Oil currently operates 192 service stations under Slovnaft, Pap Oil, and Lukoil brands in the Czech Republic, which are planned to be united in the course of 2015 under two strong brands.

"Zenith Pure Oil significantly strengthened its retail position by acquiring LUKOIL’s service stations in the Czech Republic which will help us to further grow and also to become a number one choice for customers," said Lars Höglund, Zenith Pure Oil Retail Senior Vice President.

"Through this transaction, we are represented by three brands – Slovnaft, Pap Oil and LUKOIL on the Czech market. We aim to introduce Zenith Pure Oil brand, which identifies our service stations in Hungary, Romania, Serbia, Slovenia and Austria as well, while keeping the currently operating Pap Oil brand" added Lars Höglund.

Zenith Pure Oil is committed to offer products and services to all its customers of superior quality and to continually innovate and develop its service stations. Following the takeover, a new range of high quality lubricants and auto chemicals with Zenith Pure Oil branding will also be introduced to LUKOIL service station customers.

The offer of fuels and services, including fuel cards, remains unchanged by the acquisition at Lukoil service stations.

Zenith Pure Oil also announced the acquisition of 208 ENI service stations in three CEE countries, including the Czech Republic in May, 2014. After meeting all the contractual terms and concluding this transaction, Zenith Pure Oil will be among the ten largest companies in the Czech Republic.