Orlen raises energy sector consolidation question
The possible companies include Lotos, Polish Oil and Gas (PGNiG), PGE, Energa and Tauron. None of the companies are saying no, as, "If we do not consolidate internally in Poland, we may become the victim of a cheap, easy takeover," said Paweł Olechnowicz, president of Lotos.
Companies are responding to the suggestion diplomatically, such as Energa which, "Will happily undertake negotiations on the issue," said Beata Ostrowska, spokesperson of the group.
The subject of a merger between Orlen and Lotos comes back every few years, but according to independent fuel expert Andrzej Szczęśniak, the idea would bring political conflict.
Source: Puls Biznesu (KK)
Companies are responding to the suggestion diplomatically, such as Energa which, "Will happily undertake negotiations on the issue," said Beata Ostrowska, spokesperson of the group.
The subject of a merger between Orlen and Lotos comes back every few years, but according to independent fuel expert Andrzej Szczęśniak, the idea would bring political conflict.
Source: Puls Biznesu (KK)
