The shareholders of Anwim S.A., including the Polish Enterprise Fund VIII private equity fund managed by Enterprise Investors and the company’s founders, have signed an agreement to sell their shares to a European joint venture operating in the fuel retail segment, created by Stonepeak and Energy Equation Partners.
The new investors bring broad experience in infrastructure investment, the fuel station market and electromobility. For Anwim, the operator of the MOYA fuel station network, the transaction marks a strong impulse for further expansion under its own brand and creates an opportunity to exchange know-how within the international structures of the consortium.
Securing strategic partners is a natural stage in the company’s development after years of unprecedented growth. Anwim’s management emphasises that the new ownership structure ensures continuity of operations and supports the consistent implementation of the company’s long-term strategy. The priority remains the further strengthening of the MOYA brand, including the expansion of the traditional fuel station network, the development of the convenience offer, and growth in new areas related to electromobility and the energy transition.
New investors bring international experience
Support from the new investors will provide Anwim with a solid financial base and access to unique international know-how. Stonepeak is one of the world’s leading firms specialising in infrastructure and real assets investments, while Energy Equation Partners is a fund investing in energy companies. Both entities have experience in scaling modern businesses.
The scale of their activity in Europe is reflected, among other things, in their 2025 investment in the JET fuel station network in Germany and Austria, comprising around 1,000 sites. Integration with the new ownership structure opens up broad opportunities for Anwim in terms of market synergies, including the exchange of operational best practices and further development of international services for fleet customers. At the centre of this strategy remains the MOYA brand.
“The last few years have been a period of very dynamic growth and business transformation for Anwim,” says Rafał Pietrasina, President of the Management Board of Anwim. “Today, we are a strong, modern organisation operating in fuel import, wholesale and retail sales, while at the same time developing new areas related to electromobility and the energy transition. Securing strong partners who understand the specifics of our industry opens up the next stage of development for us and creates new opportunities to further strengthen the market position of the MOYA brand.”
Anwim built a strong position in Poland’s fuel market
The change in the shareholder structure marks another stage in the development of Anwim, a company that has been building its position in the wholesale fuel market as an independent Polish entity since 1992. It was the strategic vision of its founders that led the company to enter the retail market in 2009 and establish the MOYA fuel station network.
The current transaction also concludes a successful period of cooperation with Enterprise Investors, which began in 2018. During that time, Anwim not only tripled the size of its network from around 180 to more than 540 locations, building a strong number three position on the Polish market, but also became one of the largest independent importers of liquid fuels and began investing in electromobility.
The new partnership is expected to provide a strong impulse for the company’s further development. In line with its long-term strategy, Anwim is focused on consistently expanding the reach of the MOYA network, with the ambition of moving up to the number two position in Poland’s retail fuel market, further developing its fleet business on a European scale, and investing in electromobility.
“Poland remains a market characterised by stable, long-term demand for fuels, and Anwim is very well positioned to meet these needs thanks to its diversified offer, extensive network and high-quality infrastructure,” says Anthony Borreca, Senior Managing Director and Co-Head of Energy at Stonepeak.
“By leveraging the combined experience of Stonepeak and EEP in energy infrastructure, the fuel station market and electromobility, as well as the opportunity to exchange operational best practices with the JET network, we believe Anwim will be even better prepared to further strengthen the MOYA brand and consolidate its strong position in a dynamically changing market. We look forward to working closely with the EEP and Anwim teams to achieve these goals,” he adds.
Towards an independent multi-energy platform
“We see strong potential in Anwim and an opportunity to build a leading independent multi-energy platform in Europe,” says Sari Haidar, Investment Partner at Energy Equation Partners.
“Thanks to our presence in European markets and our experience in energy infrastructure and mobility, we will be able to deliver tangible synergies in operational know-how, electromobility development and the creation of modern services for retail customers. Together with the Stonepeak team, we are committed to ensuring a smooth transition process and supporting Anwim’s continued success,” he adds.
The transaction is expected to be completed in the second half of 2026 and remains subject to standard closing conditions, including the required regulatory approvals.
