No. 1/2022 | 12-01-2022 | 10:54
Disclosure of delayed inside information on approval for conclusion of agreements regarding implementation of remedies according to conditional decision of the European Commission on taking control by PKN ORLEN S.A. over Grupa LOTOS S.A. and framework agreement on purchase of fuel stations in Slovakia and Hungary
PKN ORLEN S.A. (“Company”) discloses the following inside information, publication of which was delayed on 10 January 2022:
“PKN ORLEN S.A. (“Company”) informs that on 10 January 2022 the Company’s Management Board has chosen the partners with whom the certain agreements shall be concluded on implementation of remedies (“Remedies”) which PKN ORLEN S.A. is obliged to realized according to conditional decision of the European Commission (“Commission”) as of 14 July 2020 on taking control by PKN ORLEN S.A. over Grupa LOTOS S.A. headquartered in Gdańsk (“Grupa LOTOS”).
The Company’s Management Board gave consent to conclude agreements with the following partners:
1) in fuels production, fuels wholesales and aviation fuels market: Aramco Overseas Company B.V. headquartered in Hague (the Netherlands);
2) in bitumen and fuels logistics market: Unimot Investments spółka z ograniczoną odpowiedzialnością headquartered in Warsaw (Poland);
3) in biocomponents market: Rossi Biofuel Zrt. headquartered in Komárom (Hungary);
4) in retail market: MOL Hungarian Oil and Gas Public Limited Company headquartered in Budapest (Hungary).
Moreover the Company’s Management Board gave consent for conclusion by the Company of a framework agreement in result of which the entities belonging to the ORLEN Capital Group will purchase from MOL Plc. assets connected with operation of fuel stations in Slovakia and Hungary.
The above-mentioned decisions of the Company’s Management Board has been accepted by the Company’s Supervisory Board.”