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PKN Offers EU Concessions On Lotos Deal

 |  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. 

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

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