Tuesday, September 4, 2007

Middle Europe energy cooperation - Case CEZ vs. MOL.

Czech company CEZ and Hungarian MOL will join to build up two gas power stations. Except this CEZ informs to buy 10% share in MOL. Hungarian company is refusing this announcement. For CEZ investor it wouldn't be positive as share price will be highly dependent on MOL stocks. Situation is monitored by Polish PKN Orlen, by company trying to eliminate dependencies on Russian Druzba oil pipeline. PKN is looking at acquisition with Lotos.


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