PKN Orlen: Mazeikiu Nafta and what’s next?
Even though acquisition of AB Mazeikiu Nafta by Orlen will temporarily weaken Orlen’s financial standing, this transaction is still of strategic importance for the company. First of all, it will protect its domestic market against competition. Secondly, it should facilitate negotiations to acquire the domestic competitor – the Lotos Group. Thirdly, it may be an introduction to a further consolidation, i.e. merger of Orlen with MOL from Hungary, which has been planned for years. And lastly, combining Orlen and Mazeikiu Nafta forces will contribute to improved energy security of Poland, Lithuania and the entire Central Europe. The greatest concern is still whether the new company will have direct access to oil resources.
[Read more](text in the Polish version was originaly published in the ReAKKT Newsletter 2006-05-29)
