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PKN buys German retail stations from BP. (News).(Polish oil company PKN Orlen paid 140 mil euro for 494 stations)
Polish oil firm PKN Orlen has bought 494 service stations in Germany from BP for 140mn [euro] ($142mn).
PKN will take over outlets in northern Germany that BP was ordered to sell by anti-monopoly authorities after it bought the Aral network from German energy giant Eon last year. The acquisition is PKN's first outside Poland and will give the firm 2-3pc of the German retail market. The deal will be concluded in February and PKN will brand all its new stations with its trading logo throughout next year. It will set up a regional headquarters in Hamburg.
Fierce competition from western firms over the past few years has forced PKN to concentrate on consolidating …
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