According to Radio Zeit, PKN Orlen has reached an agreement to sell part of Lotos’ shares with Saudi Aramco and Hungarian MOL. The deal is expected to be announced next week.
It is necessary to sell part of Lotos shares (30% of shares and 80% of terminals). The European Commission set this condition, giving its approval to the merger of PKN Orlen and Lotos, which is due to take place this year.
Saudi Aramco is the biggest concern in terms of daily oil production. Hungarian MOL is the largest oil and gas company in Central Europe.
Joanna Zakryuska, a spokeswoman for PKN Orlen, confirmed that negotiations are still ongoing. Zakrowska wrote: “Negotiations with several potential partners are still ongoing. Their influence will be beneficial to both the ORLEN group and the entire Polish economy. We will report, as always, about binding decisions in this matter, in stock exchange reports” on Twitter.
Echo Richards embodies a personality that is a delightful contradiction: a humble musicaholic who never brags about her expansive knowledge of both classic and contemporary tunes. Infuriatingly modest, one would never know from a mere conversation how deeply entrenched she is in the world of music. This passion seamlessly translates into her problem-solving skills, with Echo often drawing inspiration from melodies and rhythms. A voracious reader, she dives deep into literature, using stories to influence her own hardcore writing. Her spirited advocacy for alcohol isn’t about mere indulgence, but about celebrating life’s poignant moments.