PGNiG and Azoty to merge - press

The Ministry of the State Treasury is considering a merger of state-run gas and oil company PGNiG with the country's largest chemicals producer Grupa Azoty, according to Rzeczpospolita daily. "This is one of the options to choose from, no decision has yet been made. There are a few ideas which will be analyzed and the aim will be to increase competitiveness of Polish companies," Rzeczpospolita cited a source close to the ministry. The daily has not received comments either form Azoty nor PGNiG. In January, Treasury Minister Dawid Jackiewicz told the media that the government is conducting preliminary research regarding the potential merger of PKN Orlen, Grupa Lotos and PGNiG.