Lotos

A collection of 2 posts

Poland's Orlen seals Lotos sell-off to Unimot

2 min read Poland, Lotos, merger, PKN Orlen

Polish energy giant Orlen announced the completion on Friday 7 April of the process of implementing remedies, and Lotos Terminale finally becoming the property of fuel importer Unimot. The sale was the last stage in the implementation of conditions set by the European Commission (EC) for merging Orlen with Lotos,

Sell-offs pave way for new Polish energy giant

1 min read Poland, Lotos, MOL, PGNiG, PKN Orlen, Saudi Aramco

Polish oil and gas firm PKN Orlen will sell refinery assets to Saudi Aramco and swap petrol stations with Hungarian energy company MOL to clear the way for a takeover of Grupa Lotos, it announced Wednesday. Saudi Aramco will pay USD 255 million for a 30% stake in Lotos’ refinery