Czerwiński: Poland could face fuel sector consolidation
14:25
Poland could eventually face fuel sector consolidation -TreasMin
Poland might consider merging its two fuel giants PKN Orlen and Lotos in the future, but decisions will belong to the managements of respective companies, Treasury Minister Andrzej Czerwinski told reporters.
"There will probably come a time for decisions on the consolidation of fuel groups," Czerwinski said. "Decisions in this respect will depend on the managements of those firms."
At the moment Poland is dealing with the consolidation of electrical energy and coal mining sectors, Czerwinski reminded. "We are seeing business consolidation related to market globalization."
Rumors on potential merger between Poland's two fuel firms have kept resurfacing in recent years and emerged again on the wave of pre-election speculation.
