The Hungarian concern MOL has signed a contract with Orlen. He begins to take over stations formerly owned by Lotos.
The acquisition of some stations owned by Lotos was a condition imposed by the European Commission on Orlen, who had acquired Lotos. Hungarian MOL will acquire 417 Lotos service stations for US$610 million.
On Wednesday morning, Orlen announced that the contract negotiation process was coming to an end. The stations, which will belong to the Hungarian concern, are located in Hungary and Slovakia. The company has not published their list.
Merging Giants
In early August, the ORLEN Group completed the merger with the LOTOS Group, thereby strengthening its leading role in the fuel and energy industry in Central and Eastern Europe. The last successfully completed stage was the registration of the merger at the District Court in Lodz.
Agreement with trade unions
In addition, in accordance with the agreement signed in July this year, between PKN ORLEN, Grupa LOTOS and the trade unions of both companies, Grupa LOTOS employees were provided with incl. A 48-month employment guarantee period and a 24-month period of maintaining current working conditions and pay, including, in particular, the place of work.
After the merger with Grupa LOTOS and PGNiG, the company will strengthen its position as a leader in the transformation of the energy system, based on its investments in low and zero emission energy sources. By making investments, i.e. in green energy, including offshore and onshore wind farms and photovoltaics, as well as in alternative fuels, small nuclear energy and biomaterials, the new ORLEN group will make a significant contribution to reducing the dependence of the Polish economy on fossil fuels.
Source: Wprost
