The merger between PKN Orlen and Grupa Lotos is expected to be completed by the end of the first half of 2022, Deputy Prime Minister and Minister of State Assets Jacek Sassen told PAP Biznes.
PKN Orlen merger with Grupa Lotos. The European Commission is giving more time
PKN Orlen announced on Friday that it has received approval from the European Commission to extend the deadline for implementing the measures until January 14, 2022…
“It is a difficult process, unprecedented in recent years, so the extra time to implement countermeasures is not particularly worrying. It is important that we manage everything in a way that is consistent with the law and procedures, but also in a way that ensures our energy security,” Deputy Prime Minister Sassin said. On Monday, the Polish News Agency said it would take a little more time to finalize these measures.
Business negotiations are underway, I can’t reveal anything about them. Today, everything is on track for us to achieve the desired effect. I suspect We will close this process by the middle of next year– added.
On Friday, Orlin reported it The European Commission has extended the deadline for implementing remedial measures in the merger of PKN Orlen and Grupa Lotos until 14 January 2022. According to the company, the complexity of the process, with a highly demanding macro environment, required additional time for negotiations with partners. Previously, the deadline for carrying out therapeutic procedures was November 14.
See also: What about gasoline prices? PKN President Orlen hopes the hill is behind us
# Jacek Sassin
# The origins of the Ministry of State
# lotus group
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