Eni's Enilive buys OIL! network, entering Denmark and adding 320 stations
What's the deal? EniliveDealroom has a profile for this one. Try Dealroom →, the mobility division of Italian energy group EniDealroom has a profile for this one. Try Dealroom →, has agreed to acquire filling station operator OIL!Dealroom has a profile for this one. Try Dealroom → from British energy group PraxDealroom has a profile for this one. Try Dealroom →. The companies signed a binding agreement covering 100% of the shares, Enilive said. Financial terms were not disclosed.
What's OIL!? The operator runs around 320 filling stations across Germany, Denmark, Austria, and Switzerland.
What's the endgame? The deal expands Enilive's European network to around 5,300 locations and marks its first entry into the Danish market. After completion, OIL! stations will be gradually folded into the Enilive network.
What changes for customers? Alongside conventional fuels, Enilive plans to offer renewable fuels such as HVO, charging infrastructure for electric vehicles, and other mobility services at the sites.
Why now? Prax took over OIL! in 2023. It drew attention in 2024 when parts of its UK refinery business became insolvent.
What could go wrong? The completion still requires approval from the relevant competition authorities.
The signal: Enilive already runs 275 filling stations in Switzerland, where it employs around 80 people. The acquisition signals a push to broaden its European footprint while shifting fuel retail toward renewables and electric charging.
Read more: cash
Image credit: Generated with Gemini
