Hungarian fuels company MOL plans to introduce its brand to the Polish market "immediately," the company said in a press release on Thursday.
PKN Orlen, Poland's leading oil and gas company, has signed a USD 610 million deal with its Hungarian competitor, MOL, for the sale of the Polish firm Lotos Paliwa (Lotos Fuels), which runs a network of petrol stations.
Poland's dominant petrochemicals group, PKN Orlen, has signed a deal with Saudi Arabia's Aramco Overseas Company on the sale of a 30-percent stake in the refinery of Lotos as part of remedial measures related to its merger with its smaller local peer.
Start your day with a summary of today’s top stories from Poland’s leading news sites.
Shareholders of the country's natural gas monopolist PGNiG, at Monday's extraordinary general meeting (EGM), voted in favor of the planned merger with Poland's leading oil and gas company PKN Orlen.
The Polish government, at its Monday sitting, approved the merger of Poland's leading oil and gas company PKN Orlen with the country's natural gas monopolist PGNiG, the government spokesperson said.
An extraordinary general meeting (EGM) of Poland's dominant oil and gas group, PKN Orlen, has given the go-ahead for a merger with domestic rival Lotos Group.
The European Commission (EC) gave the green light on Monday for the takeover plan of Polish fuel firm Lotos Paliwa, which runs the Lotos Group's network of filling stations, by Hungary's national oil firm, MOL.
The takeover by PKN Orlen, the dominant Polish fuel firm, of its smaller rival, the Lotos Group, should be completed in late July or early August, and the takeover of gas company PGNiG in late September to early October, PKN Orlen's CEO has said.
The European Commission (EC) has given the final green light to the takeover by Poland's dominant oil and gas company, PKN Orlen, of its rival the Lotos Group.