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Merger of Poland's PKN Orlen, Lotos unavoidable: report

PR dla Zagranicy
Paweł Kononczuk 25.10.2017 11:56
A merger between Poland's biggest oil refiner, PKN Orlen, and Lotos, the country’s no. 2 refining company, is unavoidable, the Parkiet daily has cited a deputy infrastructure and construction minister as saying.
Photo: Radosław Drożdżewski (Zwiadowca21), CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0), Wikimedia Commons
Photo: Radosław Drożdżewski (Zwiadowca21), CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0), Wikimedia Commons

The paper quoted Kazimierz Smoliński as saying: “For now it is not known when the government will make a decision on the merger, but I think it is a matter of time.”

Parkiet said Smoliński argued that there is no other country of a size similar to Poland that has two major state-owned companies in one industry.

“Everywhere there is only one,” Smoliński was quoted as saying.

(pk)

Source: parkiet.com

tags: lotos, PKN Orlen
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