Energy Ministry supports ‘full’ integration of Orlen with Lotos

The Ministry of Energy hopes that the merger of the state-owned fuel refiners Orlen and Lotos will be “full.” “We have to achieve full integration, otherwise it would make no sense,” Energy Minister Krzysztof Tchórzewski said. The proposed merger would see Orlen buy some 58 percent of Lotos shares currently under the Treasury control. The rest of the shares could be acquired through a for-equity swap.