The final of the merger of PKN Orlen and Grupa Lotos

The final of the merger of PKN Orlen and Grupa Lotos

November 14 will be the final date for the merger of PKN Orlen and Grupa Lotos.

On that day, we will get to know PKN Orlen’s partners for the implementation of remedial measures in the merger with Grupa Lotos. Required remedial documents will also be provided.

Due to the fact that Brussels considers the merger to be a transaction threatening its competitiveness, the Polish company will have to sell some of its assets. These assets are to be taken over by new partners. Their selection raises many concerns among the public, but the vice president of Grupa Lotos for mergers and acquisitions ensures that the partners are not known to the general public. It also ensures that they meet competitive requirements and will comply with antitrust law.

After the European Commission has confirmed that Grupa Lotos meets the requirements resulting from the consent to the concentration, the date of the general meeting of shareholders, which will ultimately consider the merger of PKN Orlen and Grupa Lotos, is known.

Source: https://www.wnp.pl/nafta/nadchodza-decydujace-chwile-dla-fuzji-orlenu-i-lotosu,497655.html

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