Treasury looks at alternatives to Orlen's merger with MOL

Although Kaniewski declined to comment on possible forms of cooperation between Orlen and the interested companies, he did say that he would have to analyze in detail the various possible directions of the Treasury's strategy with regard to the oil giant. Some see this as a tit-for-tat move against the Hungarian government which last week decided to put 13.3 million of MOL's shares on the Budapest Stock Exchange, which flew in the face of expectations that they would be swapped for a stake in Orlen (Rzeczpospolita, Feb.21-21, p. B2) T.J.