Bang effect in the domestic mineral oil industry. The Doppler Group from Wels (Upper Austria) sells its network of filling stations to the Polish mineral oil multinational Orlen. 266 gas stations are affected by the deal.
“In the future, an international market party will be better able to develop mobility issues than a private, regional energy trader.” For example, Franz-Joseph Doppler justified the sale of the fuel branch to the Polish mineral oil multinational Orlen.
All filling stations of the Turmöl, Turmgas, Turmstrom and Austrocard brands will be taken over, emphasizes the Upper Austrian company, which will not sell the associated filling station properties, the liquefied gas activities, the logistics activities and the calibration office.
The Doppler Group achieved a turnover of more than 1.8 billion euros last year. With more than 1.3 billion liters of fuel sold, Oberösterreich is also Austria’s largest petrol station discounter.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
