Unipetrol acquisition will be a key factor which will determine PKN Orlen´s future position in cooperation with MOL

The Polish PKN Orlen vicepresident, J. Wisniewski, said in an interview for the local-based Tyden journal that the acquisition of Unipetrol will be a key factor, which will determine PKN's future position in an intended cooperation/merger with the Hungarian Mol. While this may indicate PKN's willingness to bid rather aggressively in the Unipetrol tender to strengthen its bargaining position to Mol, the statement is not surprising as Unipetrol has been perceived by the market as a strategic investment opportunity for both PKN and Mol, we believe. Neutral.

Jan Hájek