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Hungarians and Saudis enter the Polish fuel market through the merger of Orlen and Lotos
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The decision was made on the merger of the largest fuel companies in Poland. Orlen announced that the company, as part of taking over control of Grupa Lotos, will conclude asset sale agreements with Saudi Aramco, which will take up shares in the Lotos refinery. Unimot Investments will take over fuel logistics, and MOL will buy a part of Lotos stations. The announced transactions have yet to be approved by the European Commission.
The Management Board of Orlen has agreed to conclude a…
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