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English Español PKN Orlen moves a step closer to merger with Lotos Group

The completion of the process would result in a single strong internally integrated entity with international potential, whose position in the oil supply market would be even more prominent.



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Earlier this month the Polish energy firm filed a formal application for the European Commission's approval of its proposed acquisition of LOTOS Group.

"In business, scale matters. This rule of thumb is understood by all major European and global players in the fuel and energy business, who have long since gone through their own consolidation efforts,” says Daniel Obajtek, President of the Management Board of PKN ORLEN.

With the consolidation of PKN ORLEN and LOTOS Group, Poland is joining the global trend towards building major players on the fuel and energy market.

Orlen operates 2,679 petrol stations in Poland and across Central and Eastern Europe, Lotos just under 500, all in Poland.

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