The prosecutor’s office initiated an investigation into the merger of Orlen and Lotos. It researches, among others: “gross underpricing”

The prosecutor's office initiated an investigation into the merger of Orlen and Lotos.  It researches, among others:  "gross underpricing"

The prosecutor’s office in Płock is starting an investigation into potential irregularities in the sale of shares in the Gdańsk Refinery. This is part of the merger of Orlen and Lotos.

Another episode of the series titled “The merger of Orlen and Lotos”. This time the script will be written by the Prosecutor’s Office in Płock, which decided to investigate potential violations of the law when selling shares in the Gdańsk Refinery.

Merger of Orlen with Lotos. The prosecutor’s office will investigate the case

At the request of MPs from the Civic Coalition, the Prosecutor’s Office in Płock initiated an investigation to check potential irregularities in the merger of Orlen with Lotos. As we read in the statement from the Prosecutor’s Office, possible violations of the law in the sale of shares in the Gdańsk Refinery, “gross underestimation of the price” of the transaction and failure to fulfill obligations by officials will be investigated – informs

The issue of the merger of Orlen with Lotos was a very loud topic during the election campaign, but the politicians of the new ruling majority do not intend to forget about the matter.

The situation in which the government sold the Lotos company, de facto the entire company, or at least the most important assets, PLN 3 or 4 billion below its own valuations, and in fact PLN 5 to 7 billion according to the Supreme Audit Office’s valuations, is an unprecedented situation – KO MP Roman Giertych said last week.

“We firmly oppose the groundless allegations regarding the merger of ORLEN with Grupa Lotos, which were made at the conference of a group of MPs, including Agnieszka Pomaska, Roman Giertych and Jacek Karnowski. Such statements have no basis in reality.” Orlen informed.

Orlen responds to the allegations

On January 30, Orlen’s press office commented on the matter again in relation to the article published in Gazeta Wyborcza. In a statement published on the X website, we read: “Gazeta Wyborcza is once again trying to discredit the process of merging ORLEN with Grupa LOTOS, which is the most thoroughly verified transaction by the relevant institutions, bodies and services in recent years. Since the beginning of the merger process, representatives of, among others, the Foreign Intelligence Agency, the CBA and the Internal Security Agency have repeatedly met with people involved in the transaction. Independently, information regarding the takeover of Grupa LOTOS was exchanged on an ongoing basis. A team of representatives of the relevant services also operated within the Ministry of State Assets. In this case, the cooperation also ran smoothly. In the Company’s opinion, the “sensational” reports by Gazeta Wyborcza once again have nothing to do with the actual course of the Grupa LOTOS takeover transaction and once again mislead readers. It should also be recalled that the entire merger process was supervised and approved by the European Commission.”

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