Orlen to announce buyer of Lotos assets ahead of PGNiG merger

“In November, we will announce a partner that will take over part of Lotos’s assets, which is a condition for finalizing the merger of the largest fuel companies in Poland”, announced the CEO of PKN Orlen, Daniel Obajtek.

He said that the merger of the two largest oil companies is at the final stage, and that the partner which will take over part of Lotos’s assets, will be announced in November. “Then there will only be a decision of the European Commission and formal matters,” he said.

Obajtek also said that the merger with PGNiG is important “in order to increase the investment power and carry out the energy transformation in Poland.”

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