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PKN Orlen cites Covid-19, EU jurisdiction question in defense of Lotos deal

By Andrew Boyce ( May 12, 2020, 15:52 GMT | Insight) -- PKN Orlen has cited the Covid-19 pandemic’s impact on the Polish economy and on the oil refining industry in its bid to win EU approval to buy rival Grupa Lotos, MLex has learned. The Polish oil refiner also said the European Commission has yet to show that it has jurisdiction to review the deal, as it hasn’t properly assessed whether PKN Orlen and Lotos are controlled by the Polish state. It has alleged that the commission’s in-depth review of the deal is marked by procedural errors.PKN Orlen has cited the Covid-19 pandemic’s impact on the Polish economy and on the oil refining industry in its bid to win EU approval to buy rival Grupa Lotos, MLex has learned....

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