Welcome to the RockedBuzz local newsroom! The subject of this news is Orlen will replace Lukoil in Hungary and Slovakia. Obajtek detects nearly 200 stations
here are all the details. We offer you the most up-to-date developments about Orlen will replace Lukoil in Hungary and Slovakia. Obajtek detects nearly 200 stations
. Everything you wonder about Orlen will replace Lukoil in Hungary and Slovakia. Obajtek detects nearly 200 stations
, keep reading in this news and stay tuned! Orlen will replace Lukoil in Hungary and Slovakia. Obajtek detects nearly 200 stations
Orlen took over Lotos for several years. Such a large transaction required approval from the European Commission. This was achieved, but the condition was the sale of 417 Lotos stations in Poland, so that Orlen would not gain too many advantages in the market. For this reason, the opposition is against the takeover. Recently, a letter on the subject was issued by former ministers of economy and finance who believe the merger has “the hallmarks of flawed privatization.”
The contract for the acquisition of the service stations was concluded with the Hungarian company MOL. At the same time, the company managed by Daniel Obajtek undertook to buy 185 stations from MOL.
Lukoil in Hungary and Slovakia will turn into Orlen
The Orlen Group, after completing the merger with Grupa Lotos and taking over the service stations from MOL, plans to rename all 185 stations in Hungary and Slovakia under the Orlen brand. Among these, there will be 79 stations in Hungary under the Lukoil brand, currently operated by private shareholders using the brand under license.
We are expanding our retail network and at the same time we are considering further expansion so that, according to the strategy, by 2030 at least 3.5 thousand stations will operate in the region under the Polish brand Orlen. The acquisition of stations in new markets is one element of the process of building a multi-energy company that we are implementing
– said the president of the company, Daniel Obajtek, quoted in the press release.
Orlen underlines the importance of the contract with Saudi Aramco
The company points out that the basis for the merger of PKN Orlen with Grupa Lotos is the agreement with Saudi Aramco. “It means strengthening PKN Orlen’s relationship with a stable partner, the largest fuel company in the world, with extensive experience and technologies that will enable a further dynamic development of the united company” – he added.
More information from the country on the Gazeta.pl home page
It is recalled that the Orlen group will acquire new stations in the Central European markets “which are of fundamental importance for the development strategy of the retail network”. As a result of this transaction, PKN Orlen will acquire 144 service stations in Hungary and 41 stations in Slovakia.
Watch the video Pomaska: He deeply regrets, but at Sejm PiS he is afraid of the debate on the merger of Orlen and Lotos