The European Commission’s concerns about reduced competition in the supply of fuels and related markets in Poland and some of its neighbouring countries led it to open an in-depth investigation into PKN Orlen’s proposed acquisition of Lotos at the beginning of August.
PKN Orlen and Grupa Lotos are two large integrated oil and gas companies that operate mainly in Poland, where they own the only two existing refineries, and in several other Baltic and Central and Eastern European...