European Commission clears Grupa Lotos’ acquisition by PKN Orlen
- the wholesale supply of motor fuels in Poland;
- the retail supply of motor fuels in Poland;
- the supply of jet fuel in Poland and Czechia;
- The supply of related products such as different types of bitumen in Poland.
- To divest a 30% stake in Lotos' refinery accompanied by strong governance rights, with the purchaser having the right to approximately half of the refinery's diesel fuel and gasoline production, while also giving the purchaser access to important storage and logistics infrastructure;
- To divest nine fuel storage depots to an independent logistics operator, and to build a new jet fuel import terminal in the Polish city of Szczecin, which would be transferred to the independent logistics operator on completion;
- To release most of the capacity booked by Lotos at independent storage depots, including the capacity booked at Poland's biggest terminal for the import of fuels by sea;
- To divest 389 retail stations in Poland, amounting to approximately 80% of the Lotos network, and to supply these with motor fuels;
- To sell Lotos's 50% stake in the jet fuel-marketing joint venture that it has with BP, to continue to supply the joint venture, and to give the joint venture access to storage at two airports in Poland;
- To make available up to 80,000 tonnes of jet fuel per year to competitors in Czechia via an annual open tende
- To divest two bitumen production plants in Poland, and to supply the purchaser with up to 500,000 tonnes of bitumen/heavy residues annually.