A PYMNTS Company

PKN Offers EU Concessions On Lotos Deal

By  |  May 5, 2020

Poland’s biggest refiner PKN Orlen has offered concessions in a bid to address EU antitrust concerns regarding its planned takeover of smaller rival Lotos, a filing on the European Commission website showed on Tuesday, May 5. 

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The European Union competition enforcer, which did not provide details of the concessions in line with its policy, will now seek feedback from rivals and customers before deciding whether to accept PKN’s offer or demand more. 

    It is scheduled to decide on the deal by June 30. PKN put in its offer on Monday.

    Full Content: Reuters

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