Polish Briefing: Will MOL and Saudi Aramco take over Lotos’s assets from Orlen? | Government Agency for Strategic Reserves able to purchase and store gas
What goes on in Poland on the 10th of January.
LOTOS.
Obajtek: Orlen is the company with true offshore potential. SMR is not a technology from „outer space” (INTERVIEW)
„One gigawatt generated from offshore wind in the Baltic will cost PLN 10 billion. We believe that one, strong entity will be able to achieve economies of scale. At this point we only have one license, but we will apply for more,” said Daniel Obajtek, the CEO of PKN Orlen. „SMR is not a technology […]
A license for 10 PLN, or how to transfer the rights from PGNiG to Orlen?
The merger of PKN Orlen with PGNiG is a challenge when it comes gas concessions. There are two options on the table – a general succession where all licenses will be transferred at once, or a laborious process of acquisition, which will take time, but doesn’t necessitate any changes to the law, and will cost […]
Polish Briefing: The MAP team will convince trade unions to Orlen, Lotos and PGNiG merger | An offshore sector agreement to be signed in mid-September
What goes on in Poland on the 27th of August.
Orlen is waiting for the law on tender offers to be amended. The company may not have enough time to take over Lotos and PGNiG without those changes
PKN Orlen, the Lotos Group, PGNiG and the State Treasury signed an agreement on cooperation on the basis of which PKN Orlen will take over the Lotos Group and PGNiG. PKN Orlen is hoping that the amendments to the Act on public offerings will enter into force. Their goal is to change the current 33 […]
Slovenia may tip the balance with regard to the Orlen and Lotos merger
In February the Austrian oil company OMV announced it would withdraw from the Slovenian market. Its petrol stations are to be sold to a new owner. A Slovenian business portal bizi.si claims that a few companies are interested in the purchase: Poland’s PKN Orlen, Azerbeijan’s Socar, Greece’s Coral (Shell brand) and Hungary’s MOL. This transaction […]
Polish Briefing: State-owned companies will build temporary hospitals to fight the coronavirus
What goes on in Poland on the 4th of November.
Czerwiński: The EU should protect its citizens against monopolies in the energy sector
Energy companies around the world have been consolidating capital for years now, which means sooner or later Polish firms will need to face this process as well. The goal is to be able to compete on the global market. Entering this difficult area incurs risks for both companies as well as consumers, which is why […]
State Treasury to create a mega-Orlen to handle the challenges of the green revolution
The European Commission issued a positive conditional decision for PKN Orlen to merge with the LOTOS Group. After taking over Energa, a company in the power industry, LOTOS, a company in the oil, petrochemical and alternative fuels sector, PKN Orlen now wants to enter the gas sector by acquiring PGNiG. Its ultimate goal is to […]
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