The Polish Office of Competition and Consumer Protection conditional consent regarding concentration between PKN ORLEN and PGNiG

PKN ORLEN S.A. (“PKN ORLEN”) informs that on 16 March 2022 it received the conditional positive decision from the Chairman of the Polish Office of Competition and Consumer Protection (“UOKiK”) regarding consent for concentration consisting in merger with Polskie Górnictwo Naftowe i Gazownictwo S.A. headquartered in Warsaw („PGNiG”).

The positive decision of the Chairman of UOKiK was submitted under condition of implementing by PKN ORLEN and PGNiG the remedy in the form of getting rid of control over Gas Storage Poland Sp. z o.o., the subsidiary of PGNiG, which core field of activity is performing tasks of a storage system operator of natural gas. The decision provides also an obligation to conclude or maintain with Gas Storage Poland Sp. z o.o. an agreement entrusting the duties of storage system operator after getting rid of control over that company. PKN ORLEN and PGNiG have 12 months from the moment of concertation for realization of the remedy.

See also regulatory announcements: no 44/2020 as of 14 July 2020, no 45/2020 as of 14 July 2020, no 46/2020 as of 23 July 2020, no 20/2021 as of 10 May 2021, no 21/2021 as of 12 May 2021 and no 22/2021 as of 12 May 2021.