Portal partners
President of PKN Orlen: First selection of Lotos Group partners in Q1 2021
Author:Mariusz Dasiewicz
The preliminary selection of potential partners in the implementation of the European Commission's remedies related to the takeover of the Lotos Group will take place at the end of the first quarter of 2021, announced President Daniel Obietek.
"We will make an initial assessment of the offers related to the implementation of the countermeasures in the process of taking over the Lotos Group at the end of the first quarter of 2021 and then we will talk to those partners whose offers will be most interesting to us," he told Both journalists on the occasion of the publication of the strategy by 2030.
At the same time, he assured that the company would choose a partner that would give the group development opportunities.
"We do not assume in advance that it will be a partner from Europe or from outside Europe, it does not have to be one partner, it may be several," he added.
The process of taking over the Lotos Group's capital by PKN Orlen was initiated in February 2018 by signing a letter of intent with the Treasury, which holds 53.19% of the votes at the general meeting in Gdańsk. In November 2018, PKN Orlen submitted a preliminary version of the request for approval of the concentration to the European Commission and its final version, in early July 2019. In addition, an agreement between PKN Orlen and the Treasury and the Lotos Group was signed at the end of August 2019. On 14 July 2020 PKN Orlen received conditional approval from the European Commission to take over the Lotos Group.
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