MOL to acquire Lotos petrol stations in Poland
Hungarian oil and gas company MOL will acquire the Lotos petrol stations in Poland, news agency MTI writes, citing a report by Polish commercial broadcaster Radio Zet.
The European Commission is requiring Lotos to sell 80% of its petrol stations and a 30% stake in its oil refinery business as a condition for its acquisition by Polish peer PKN Orlen, Radio Zet said.
Lotos has 700-800 petrol stations with a book value of USD 1.5-2 million apiece.
Saudi Aramco will acquire a stake in Lotos' refinery business, the broadcaster said.
MOL confirmed in August that it is interested in the Polish retail fuel market.
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