PM Orbán welcomed MOL’s deal with Polish PKN Orlen

Hungarian Prime Minister Viktor Orbán held talks on central and eastern Europe’s energy sovereignty and efforts to consolidate the north-south energy corridor with Daniel Obajtek, management board president of the Polish PKN Orlen company, and Zsolt Hernádi, chairman-CEO of the Hungarian MOL Group, in Budapest on Wednesday, the prime minister’s press chief said.

The talks touched on the two companies’ recent contract, under which MOL will purchase 417 petrol stations in Poland, and PKN Orlen 185 stations in Hungary and Slovakia.

The deal will make MOL the third biggest player in Poland’s fuel retail trade and PKN Orlen the fourth biggest player on the Hungarian market, Bertalan Havasi said.

The Hungarian government welcomes MOL’s acquisition in Poland and that Polish investors have appeared in Hungary. The contract will boost the two countries’ traditionally good relations, V4 cooperation and economic development in central and eastern Europe, Havasi said, adding that Polish and Hungarian buyers would be the ultimate beneficiaries of the two companies’ fair competition.

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Source: MTI