Poland may increase stake in oil refiner PKN
10/16/2020 10:15:51 AM
Poland would like to increase its stake in oil refiner PKN Orlen as a result of the company's merger with rival Lotos, a deputy state assets minister said.
“Poland’s treasury holds only a 27% stake in PKN Orlen. As a result of the (Lotos) transaction we would like significantly increase the treasury’s share in the combined group,” said Deputy State Assets Minister Zbigniew Gryglas.
The state currently holds a 53.19% stake in Lotos.
Reporting by Anna Koper; Writing by Joanna Plucinska; Editing by David Goodman
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