The Czech Republic’s anti-monopoly watchdog has given the permission to Hungarian oil company MOL for the acquisition of PAP oil, which operates more than 120 Czech filling stations. The authorities said it would not affect the competition among the market’s actors, like Benzina, OMV, Cepro or Shell. With this transaction, MOL will have a 5 percent share of the Czech gas market, becoming the fifth largest player on that market. Hungarian MOL is now present in 40 countries worldwide, mainly within Europe, North-America, Middle-East and in the post-soviet region. It has more than 32,000 employees.
