Authorities increasingly hint at potential GL-PGNiG merger
"One of the concepts is to merge Grupa Lotos (GL) with Polish Oil and Gas (PGNiG). For the time being there are no actual talks on this issue," said Wiesław Skwarko, deputy president of NP.
However, according to daily Parkiet sources, actual talks are being initiated by representatives of NP in the supervisory boards and management boards in both companies. "I do not exclude that this is a possible solution. However, first the enterprises have to complete joint investment projects," said Deputy Treasury Minister Krzysztof Żuk.
The investment will be carried out by GL, PGNiG and energy concern Energa. Apart from that, Lotos and PGNiG signed an agreement, on the basis of which they will jointly participate in tenders for licenses to extract oil and gas in the Norwegian shelf.
According to experts, a potential merger would mean a boost for GL's equity.
Source: Parkiet (M.M.)
However, according to daily Parkiet sources, actual talks are being initiated by representatives of NP in the supervisory boards and management boards in both companies. "I do not exclude that this is a possible solution. However, first the enterprises have to complete joint investment projects," said Deputy Treasury Minister Krzysztof Żuk.
The investment will be carried out by GL, PGNiG and energy concern Energa. Apart from that, Lotos and PGNiG signed an agreement, on the basis of which they will jointly participate in tenders for licenses to extract oil and gas in the Norwegian shelf.
According to experts, a potential merger would mean a boost for GL's equity.
Source: Parkiet (M.M.)
