MOL closed Shell Romania acquisition

MOL Hungarian Oil and Gas Company hereby announces that following the receipt of necessary regulatory approvals, it has closed the Shell Romania acquisition transaction, announced in November 2004. The deal includes a network of 59 retail service stations geographically spread throughout Romania, and Lubricants, Aviation and Commercial business activities.
The re-branding and selective modernization of the acquired filling stations will be completed by the end of September 2005.
Through this transaction the total number of MOL-operated filling stations in Romania exceeds 130 stations and MOL’s retail market share will reach approximately 10%. In line with MOL’s strategy to reach a national market share of 15%, the company is continuing its green-field filling station development program in Romania.