The last 12 months have witnessed a continuing service station consolidation throughout Europe. 4,573 service stations have closed across Europe since 2007, according to Datamonitor’s 2012 Service Station Retailing database. The countries most affected include Italy, France, and the UK, where approximately 1,250, 1,200, and 805 service stations respectively have been shut over the same period. This reduction can be attributed to the trend among large oil companies such as Shell, ExxonMobil, BP, and Total to divest their less profitable sites as they rationalize their downstream assets to pursue more profitable activities further upstream. OMV has also recently reported screening of its Refining & Marketing portfolio for optimization across Eastern Europe; namely The Czech Republic, Hungary, Slovakia, Bulgaria, Bosnia and Herzegovina.
Source : CBRE