PKN ORLEN S.A. (“Company”) hereby informs that on 26 February 2020 it submitted to the European Commission a notification for concentration (“Notification”) regarding the planned taking control over ENERGA S.A. headquartered in Gdansk (“ENERGA”) by PKN ORLEN S.A. (“Transaction”).
Notification, submitted today by the Company, initiates the formal proceedings regarding control of concentration.
Notification includes, apart from the description of the parties and Transaction assumptions, description of parties activity on the certain markets and presents arguments on the influence of the Transaction on the competition on that markets.
One of the conditions under which PKN ORLEN announced a tender offer for the sale of all shares of ENERGA is obtaining by the Company the European Commission decision approving the merger involving the takeover of control of the ENERGA.
See also regulatory announcements: no 43/2019 dated 5 December 2019 and no 44/2019 dated 30 5 December 2019.