Orlen reacts to Unicredit's negative report on Grupa Lotos
"We are not engaged in any activities aiming at taking over Grupa Lotos (GL)," said Dariusz Jacek Krawiec, president of PKN Orlen. Paweł Olechnowicz, president of Lotos, did not want to point out whom he meant while saying about the, "Possibly directed activities aiming at a hostile take over of the company."
The issue of Orlen acquiring GL returns from time to time for many years and current CEO of PKN has not totally ruled out such a possible move. Robert Rethy, the author of the negative report of Unicredit suggested such a solution in his document by saying, "We believe that cash injection from the government is unlikely. [...] Will PKN Orlen take it over for free after years of attempts?"
Sources: Parkiet, Puls Biznesu, Gazeta Wyborcza, Dziennik, wall Street Journal Polska (M.M.)
The issue of Orlen acquiring GL returns from time to time for many years and current CEO of PKN has not totally ruled out such a possible move. Robert Rethy, the author of the negative report of Unicredit suggested such a solution in his document by saying, "We believe that cash injection from the government is unlikely. [...] Will PKN Orlen take it over for free after years of attempts?"
Sources: Parkiet, Puls Biznesu, Gazeta Wyborcza, Dziennik, wall Street Journal Polska (M.M.)
