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Nafta Polska, PKN and MOL Enter into Exclusive Discussions
Polski Koncern Naftowy ORLEN S.A. ("PKN") and MOL Magyar Olaj- és Gázipari Rt. ("MOL") announce that they, with Nafta Polska, have signed an exclusivity agreement and entered into exclusive discussions today regarding a possible combination between PKN and MOL. As part of the proposed combination it is intended that MOL acquires Nafta Polska`s 17.58 per cent stake in PKN and that PKN purchases shares in MOL.
The parties will make further announcements in due course.