A PYMNTS Company

EU: Merger of Poland’s two biggest refineries worries BP

 |  September 5, 2018

According to Reuters, the planned merger of Poland’s two largest refiners—PKN Orlen and Grupa Lotos—could restrict competition in the east European country, energy rival BP claimed in a statement on Wednesday, September 5.

The London-based oil and gas company has not filed any official complaint with Polish or European Union authorities, but will consider its options in the future, a company spokeswoman said.

“If this merger were to go ahead, 95% of the (country’s supply and infrastructure) market would be controlled by two companies,” the BP statement claimed.

“We believe that a competitive market is in the best interest of Polish consumers and that this merger could restrict that competition unless there is a guaranteed competitive cost of supply and infrastructure access.”

Full Content: Reuters

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