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Haitong Bank on plan to connect Lotos, PKN Orlen and PGNiG

Lukasz Janczak commented on Ministry of State Treasury’s plan to connect Lotos, PKN Orlen and  PGNiG in one national conglomerate

In an exclusive video interview published on Polish website inwestor.newseria.pl, Lukasz Janczak, Haitong Bank’s analyst, thinks that the merge of Lotos, PKN Orlen and PGNiG will be inviable.

Mr. Janczak pointed out that there are no synergies between PGNiG and others companies. Haitong’s analyst also mentioned that management of such a large company will be challenging. On the other hand, connection will contribute to better status of company in negotiations on delivery of oil or natural gas.

Article is available here (only in Polish)