PKN Orlen-MOL merger on track

However, the majority of the time was devoted to the planned merger between Orlen and Hungary's MOL. The representatives of Orlen have disclosed that after April 8, the company will negotiate initial terms for swapping shares with MOL, which will be an introduction to the merger process. On April 30 an agreement concerning this issue is to be signed. Zbigniew Kaniewski, the State Treasury Minister, denied the announcement made by his deputy, Tadeusz Soroka, which was quoted by Puls Biznesu yesterday, that the current evaluation of both concerns blocks the possibility of a merger. "Please do not treat opinions of individual representatives of the Ministry as authoritative," commented Kaniewski. (Parkiet, p. 1) A.K.