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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 7 sources · 5 days · First seen · Last updated
Saudi Aramco potential divestment from Poland
Overview
Saudi Aramco is reportedly exploring the sale of its energy assets in Poland. The company has commissioned JPMorgan Chase to conduct market research regarding a potential transaction. The sale may involve Aramco Fuels Poland, a wholesale fuel company, or potentially Aramco’s 30 percent stake in the Gdańsk Refinery.
The Polish Ministry of Energy noted it has received no official signals regarding the refinery shares, which are classified as a protected entity under Polish law. Aramco originally acquired its Polish assets in 2022 for approximately 2.2 billion PLN as a condition for the Orlen takeover of the Lotos Group.
Reports indicate the divestment aligns with a broader strategy to raise capital for Saudi Arabia’s economic diversification. Potential bidders for the assets include the Hungarian company Mol, as well as BP and Shell.
Entities
Saudi Aramco · JPMorgan Chase · Gdańsk Refinery · Aramco Fuels Poland · ORLEN
Timeline
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[BUSINESS] 2 sourcesSaudi Aramco considers selling Polish assets
Saudi Aramco may sell its Polish assets, including potential interests in the Gdansk refinery, as part of a broader strategy to fund economic diversification. Mol, BP, and Shell are among the potential bidders.
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[BUSINESS] 5 sourcesSaudi Aramco considers selling Polish energy assets
Saudi Aramco is reportedly considering selling its Polish assets, potentially including its 30% stake in the Gdańsk Refinery and Aramco Fuels Poland.
Sources
bezprawnik.pl · biznesalert.pl · lat.sputnikportal.rs · rmf24.pl · vG.hu · vg.hu · wnp.pl