PKN Orlen, Poland's leading oil and gas company, has signed a USD 610 million deal with its Hungarian competitor, MOL, for the sale of the Polish firm Lotos Paliwa (Lotos Fuels), which runs a network of petrol stations.
Shareholders of the country's natural gas monopolist PGNiG, at Monday's extraordinary general meeting (EGM), voted in favor of the planned merger with Poland's leading oil and gas company PKN Orlen.
The Polish government, at its Monday sitting, approved the merger of Poland's leading oil and gas company PKN Orlen with the country's natural gas monopolist PGNiG, the government spokesperson said.
Poland's leading oil and gas company PKN Orlen will likely acquire the country's natural gas monopolist PGNiG in October or November this year, Orlen said on Friday.
An extraordinary general meeting (EGM) of Poland's dominant oil and gas group, PKN Orlen, has given the go-ahead for a merger with domestic rival Lotos Group.
The management board of Poland's dominant oil and gas company, PKN Orlen, approved on Thursday a draft plan to merge with domestic rival Lotos, Orlen announced.
The acquisition of the Polish petroleum company Lotos by its bigger peer PKN Orlen, with some of Lotos assets having been sold to Saudi and Hungarian partners, will offer a wide range of benefits, the Orlen CEO has said.
Opel Manufacturing Poland and PSA Manufacturing Poland, two automotive plants in Gliwice, southern Poland, will formally merge into Stellantis Gliwice on January 3, 2022.
Lotos oil&gas company’s EGM acceptance for key asset relocation and sale, required for a planned merger with its peer PKN Orlen, will strengthen national energy security, a Polish deputy prime minister said on Thursday.