Lotos may take over Orlen in planned Orlen-Lotos merger – sources

According to sources cited by daily Rzeczpospolita, it could be the Lotos Group taking over Orlen, rather than the other way round, in the planned transaction set to merge the two fuel concerns. Orlen will issue shares that will be acquired by the shareholders of the Płock-based Lotos Group. This transaction would be easier and cheaper for the State Treasury, the main shareholder in both companies, the daily’s sources said.