- The information contained in the report shows that over 80 gas stations in Hungary, which until recently operated as the Russian Lukoil, have recently become Orlen stations
- Hence, according to the author of the report, there is a suspicion that these stations will continue to sell Russian oil
- The author of the report also reached sources who claim that at least one large international company was interested in purchasing Lotos, but was not allowed to submit an offer
- More important information can be found on the Onet home page
The information revealed by the author of the report shows that Orlen’s loss on the sale of Lotos is not the only problem with a large transaction in the Polish fuel industry. But important, because the TVN24 material shows that Orlen was to lose over PLN 4 billion on operations related to the sale of part of Lotosy.
According to TVN24, Orlen was to lose twice on the transaction. The first loss was related to the too cheap sale of Lotos Orlen by the State Treasury. The second one with too low a price, for which Orlen sold a part of Lotos.
In addition, the information contained in the report shows that over 80 gas stations in Hungary, which until recently operated as the Russian Lukoil, have recently become Orlen stations.
Where did Orlen come from in Hungary? His takeover of Lotos in Gdańsk was one of the most complicated and politically controversial operations on the Polish capital market. The European Commission set a number of conditions for the transaction, including the need to sell part of Lotos’ assets in order to prevent a monopoly on the Polish market.
Orlen had to sell Lotos petrol stations. 417 of them were sold to the Hungarian company MOL, from which Orlen bought 185 stations in Hungary at the same time. Orlen’s contractors also include companies such as Saudi Aramco, Unimot and Rossi Biofuel.
The rest of the text is below the video.
“Black and white”: Lukoil stations are now Orlen
The TVN24 report shows that there is a gas station near Budapest, which until recently functioned as the Russian Lukoil, but recently it was to be covered with the Orlen logo. Officially, Orlen bought the station network in Hungary from MOL, but in turn MOL bought them earlier from the Russian company Normbenz, which used to be Lukoil.
The documents of the Hungarian company register, presented by the authors of the report, show that in 2003 Lukoil established a fuel company in Hungary. Eleven years later, he sold it and the company changed its name to Normbenz Mgyarorszag. And it was this company that MOL bought to sell to Orlen on the same day. On the day of handing over the company to Orlen, the owners of the company were still to be listed in the register as the Russian Lew Tolkaczew and the Hungarian Imre Fazkas.
“Black and white”: Orlen can sell Russian oil
The authors of the report also visited one of Orlen’s stations in Hungary, where one of the women working there stated that nothing had changed at the station since the transaction. Apart from changing the logo.
Hence, according to the author of the report, there is a suspicion that these stations will continue to sell Russian oil, which is purchased by the Hungarian refinery owned by MOL. Mol, on the other hand, imports two-thirds of its oil from Russia. This theory – according to the TVN24 material – was to be confirmed in the documents of the European Commission.
TVN24: there were others willing to buy Lotos
The author of the report also reached sources who claim that at least one large international company was interested in purchasing Lotos, but was not allowed to submit an offer. It’s about the American company Global Oil.
“There were other people willing to buy part of Lotos, but Orlen never even listened to their offer,” we read in the text message from the informant presented in the material. When asked by the journalist how this is possible, the informant replies that “normally, he said he was not interested in negotiations.” In his opinion, Global Oil was interested in buying Lotos. “Check them out, big fish,” adds the informant.
“Poland is an interesting market for us and we were very interested in participating in the sale of Lotos’ assets, but unfortunately we were unable to make an official offer as we were refused to enter into negotiations,” Global Oil representatives wrote in response to an inquiry about the matter.
The report shows that although they applied for the tender only three months after its announcement, in February 2021, they were not admitted to it.
Source: TVN 24
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