Grupa Lotos

The merger approval from the European Commission required significant asset divestments by both companies and is expected to reach closing in June or July 2022.

Grupa Lotos holding group consolidated net profit for the first quarter of 2006 financial year, estimated in accordance with IFRS reached approx.

Grupa Lotos holding group consolidated net profit for whole 2005 financial year, estimated in accordance with IFRS reached approx.

[citation needed] In 2020, state-run PKN Orlen plans to take over smaller rival Lotos, if it receives approval from the European Commission.

[6][7] Grupa Lotos strategy aims chiefly at: accomplishment of Gdańsk refinery investment programme (10+ Program), development of crude oil production activity and further shares growth in retail and wholesale petrol market.

Lotos petrol station in Kraków , southern Poland