Home » Business » A referendum on the takeover of Lotos. Councilors want “pressure” on the government

A referendum on the takeover of Lotos. Councilors want “pressure” on the government

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The councilors of the Pomeranian regional council want a referendum on the merger of Orlen and Lotos.

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The councilors of the Pomeranian regional council propose a referendum on the merger of Orlen and Lotos. This is an idea of ​​the councilors of the club “Dla Pomorza”, which include former members of Law and Justice.

Lotos’s financial results for 2021. The net profit amounted to PLN 3.21 billion

According to the councilors of the club “For Pomerania”, the merger of Lotos with Orlen will lead to a decrease in the assets of Pomeranian self-governments, weakening of local business and a reduction in the level of funding for Pomeranian sport and culture. The club consists of: Piotr Zwarathe chairman of the club Sebastian Irzykowski and Dariusz Męczykowski.

Orlen, Saudi Aramco and MOL take over Grupa Lotos

Let us recall that in mid-January 2022, PKN announced that strategic partnerwhich will cover 30 proc. a separate refinery in Gdańsk, there is Saudi Aramco. In addition, Aramco will also buy an aviation fuel company, Lotos Air-BP. Lotos Group will sell Aramco 100 proc. shares in Lotos SPV 1, an entity to which an organized part of the enterprise currently run by Lotos Paliwa in the area of ​​wholesale fuel sales will be spun off. Whereas Hungarian MOL where is 417 Lotos’s retail network petrol station $ 610 million.

The Senate wants to block the Lotos-Orlen merger

Additionally, PKN Orlen concluded a conditional framework sale agreement with MOL, as a result of which entities belonging to the Orlen Capital Group will acquire from MOL 144 stations fuels located in Hungary and 41 petrol stations located in Slovakia, for a total price EUR 229 million.

A referendum on the takeover of Lotos

Council members of the Sejmik claim that the buyer of the petrol station shares, the Hungarian concern MOL, and the buyer 30 proc. shares of the separated Gdańsk refinery – Saudi Aramco, have significant business ties with both Russia and Belarus.

Olechnowicz: I am afraid of the degradation of Orlen and the liquidation of Lotos

According to the councilors of “Dla Pomorza”, one of the forms of pressure on the government on the merger of Lotos and Orlen may be a referendum involving the inhabitants of the Pomeranian Voivodeship. The possibility of holding a referendum is possible thanks to the act on voivodship self-government and the act on local referendum. The problem is that the result of the referendum will not be binding on the Ministry of State Assets anyway.

PKN Orlen expects the finalization of the acquisition of Grupa Lotos by the end of July 2022. Earlier it was reported that the final approval of the European Commission regarding the transaction will take place in May 2022.

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