A/S Haahr Benzin has sold its 43 unmanned service stations to Danske PN ApS, which is a part of the German Mabanaft Group.

The Haahr Benzin Group has since 2007 built up a network of 43 unmanned service stations under the brand ’Haahr Benzin’, which have been strategically located throughout Denmark.

The owner of the Haahr Benzin Group, Managing Director Olaf Haahr, wished to sell his network of service stations to a potential buyer who could run and develop the network under the Haahr brand.

For Mabanaft, the acquisition of the assets is a strategic complement to its retail activities and supports its general growth strategy in the European downstream oil industry. Before the acquisition, Manabaft’s network of service stations already comprised more than 600 stations in the German, Austrian, Swiss and Hungarian markets.

LETT, which has previously assisted the Haahr Benzin Group in business transactions, has assisted in the sales process, including the establishment of the data room and the negotiations of the terms of the contract.