Austrian retail fuel network goes to Orlen

Orlen have announced that it has concluded an agreement with Doppler Beteiligungs GmbH regarding the acquisition of 100% of shares in Doppler Energie GmbH

Doppler Energie operates an Austrian network of service stations operating under the Turmöl brand. The Orlen Group will take over 266 service stations located in Austria.

Thanks to the transaction, Orlen will start its operations on the new retail market, which is in line with the retail network development plans announced in the Company's strategy until 2030.

The closing of the transaction will take place after the conditions set out in the Agreement, including receipt of approvals from the relevant antitrust authorities, are met and is planned for the turn of 2023 and 2024.