merger.

What goes on in Poland on the 10th of July.

PKN ORLEN has just filed a formal application for the European Commission’s approval of its proposed acquisition of LOTOS Group. The completion of the process would result in a single strong internally integrated entity with international potential, whose position in the oil supply market would be even more prominent.

According to BiznesAlert.pl, even the Germans bring oil from outside of Russia via the Gdańsk oil terminal today. Although the Russian blend of REBCO will still be needed by refiners for technological reasons, diversification is progressing. Grupa Lotos reports that 40 percent of deliveries in the first quarter of 2018 came from outside of Russia. […]

Information about the merger PKN Orlen and Grupa LOTOS electrified the observers and experts of the energy market. In the meantime, this is just the beginning of the road to creating a fuel giant. Is antitrust law going to prevent it? – writes Piotr Stępiński, editor of BiznesAlert.pl.

On Tuesday, a letter of intent was signed between energy minister Krzysztof Tchórzewski and the president of PKN Orlen Daniel Obajtek regarding the start of the process of taking over capital control by Orlen over the Lotos Group. As a result of the operation, the Płock concern is to take over 53 percent of shares […]

The Polish government and PKN Orlen have signed a letter of intent regarding the takeover of the Lotos Group shares, and thus control over it, which the government representatives have been discussing in recent months – writes Wojciech Jakóbik, editor-in-chief of BiznesAlert.pl

What goes on in Poland on the 28th of February.