# PKN Orlen says talks on sale of Lotos assets not finalised yet
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-01-10
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: PKN Orlen denies reports on selected buyers for Grupa Lotos
Meta Description: Get the latest update on PKN Orlen's takeover of Grupa Lotos and EU approval process. Stay informed on asset sales developments.
URL: https://financedigest.com/pkn-orlen-says-talks-on-sale-of-lotos-assets-not-finalised-yethtml

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GDANSK (Reuters) – Poland’s top energy group PKN Orlen denied a media report it had picked buyers for assets of Grupa Lotos it is required to sell to win EU approval for its domestic rival’s takeover.

In July 2020, the European Commission granted Poland’s biggest oil refiner and fuel retailer a conditional approval for the takeover in return for its commitment to sell some Lotos’ assets, including a 30% stake in its Gdansk refinery, to address competition concerns. The EU has later extended the deadline for the concluding sale of the assets to Jan. 14, 2022.

We would like to inform that negotiations with [partners for remedial measures in connection](https://www.financedigest.com/homelyfe-opens-up-its-technology-stack-with-the-launch-of-its-partner-platform-to-deliver-its-vision-of-a-modern-connected-insurance-experience.html "Homelyfe opens up its technology stack with the launch of its Partner Platform to deliver its vision of a modern, connected insurance experience") with the takeover of Grupa Lotos by PKN Orlen have not been finalised,” PKN’s spokesperson Joanna Zakrzewska wrote on Twitter. Therefore, media reports on the [selection of potential partners](https://www.financedigest.com/mastercard-selects-token-io-partner-new-open-banking-hub.html "Mastercard Selects Token.io as a Partner for its New Open Banking Hub") are only speculation.

Earlier on Sunday, Polish private radio station, Radio Zet, said that PKN Orlen would [announce who will buy some of the Lotos assets](https://www.financedigest.com/camradata-announces-top-asset-class-searches-for-investors-in-march-2018.html "CAMRADATA announces top asset class searches for investors in March 2018") this week.

(Reporting by Anna Banacka; Editing by Tomasz Janowski)


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