PKN Orlen to acquire 185 petrol stations in Slovakia and Hungary of MOL Group for $259m.

PKN Orlen, an oil refiner and petrol retailer, agreed to acquire 185 petrol stations in Slovakia and Hungary of MOL Group, a multinational oil and gas company, for $259m. “This is a watershed moment for the Polish and Central European fuel industry. We are about to finalise the acquisition of LOTOS Group, a deal intended to benefit the entire CEE economy, both companies involved, their respective customers, employees and shareholders. The merger between PKN ORLEN and the LOTOS Group will mark the inception of a single strong group capable of delivering environmentally friendly energy to the CEE economy and meeting the challenges posed by the fuel and energy transition,” Daniel Obajtek, PKN Orlen President.