Preem to pull-out of Poland, RG tipped to buy its network

Swedish fuel concern Preem will probably pull-out of the Polish market. The first candidate to take over their network of gas stations is Rafineria Gdanska (RG). Preem, which owns over 80 fuel stations in Poland and which has been suffering financial losses for the last two years, decided that further investments in the retail fuel sector does not make any sense for the company. As for RG, they have too few gas stations and are continually loosing clients to PKN Orlen and foreign operators. Buying Preem's gas stations could mark an important point in their development strategy. An unofficial source quoted by Puls Biznesu says that Preem will not make a decision over the sale to RG before the privatization process of the company has been completed. Other potential buyers include Norwegian Statoil and British Petroleum (BP). (Puls Biznesu, pp. 1, 7) A.D.