A PYMNTS Company

EU: Poland’s biggest refinery PKN soon to be ready to takeover Lotos

By  |  May 14, 2019

Poland’s biggest oil refiner PKN Orlen should be ready in the next 12 months to set the terms on which to apply to the European Commission to takeover Lotos, Poland’s second largest oil refiner, PKN Orlen’s deputy CEO said on Tuesday.

“We are counting on it that in the next dozen or so months we will work out the terms on which we can apply to the EU for a merger with Lotos,” Zbigniew Leszczynski said at a conference.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.