Lotos CEO: merger with Orlen is a good business decision

The CEO of WSE-listed fuel company Lotos, Marcin Jastrzębski said that the planned merger with other state-run peer Orlen makes sense “from the business viewpoint, especially in the face of the electromobility revolution.” He also added that the merger will be even more advantageous for Lotos than for Orlen. “Lotos has an advantage over Orlen when it comes to purchasing raw materials thanks to the location by the sea, but it has a worse situation when it comes to the distribution of products, which is a big field for synergy,” Jastrzębski explained and added that thanks to the merger, Poland’s energy security will increase.