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Poland: Unimot to buy PKN’s gas stations sold in merger

By  |  November 4, 2019

Polish energy group Unimot stated it is ready to take over PKN Orlen’s gas stations if some of them come up for sale as part of PKN’s planned merger with its smaller rival Grupa Lotos. 

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    PKN, which has a market value of US$11.7 billion, announced last year that it planned to buy at least 53% of Lotos from the government. Both companies are state-run.

    PKN has formally requested approval from EU regulators for the deal to go ahead. Sources have said that due to competition concerns, PKN will likely face protracted talks with the European Commission.

    Unimot runs gas stations in Poland under the Avia brand, which is owned by Switzerland-based Avia International.

    “We’re seriously interested in buying a package of gas stations, which potentially might be put up for sale due to the EC decisions regarding approval for Lotos’ acquisition by PKN,” Unimot CEO Adam Sikorski said in a statement on Monday, November 4.

    Full Content: Reuters

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