Brief: Unimot Unit Will Acquire 100% Stake in Lotos Terminale

Unimot SA

20/06/2022 12:29

June 20 (Reuters) - Unimot SA  UNTP.WA :
    * SAYS EUROPEAN COMMISSION (EC) APPROVES TAKE-OVER BY PKN
ORLEN
CONTROL OVER GRUPA LOTOS
    * SAYS EC DECISION INCLUDES APPROVAL FOR IMPLEMENTATION OF
REMEDIAL MEASURES UNDER WHICH UNIT UNIMOT INVESTMENTS WILL
ACQUIRE 100% STAKE IN LOTOS TERMINALE
    * AS RESULT OF TRANSACTION COMPANY'S CAPITAL GROUP WILL
OPERATE AS
INDEPENDENT FUEL LOGISTICS OPERATOR BASED ON ITS OWN
INFRASTRUCTURE AND PRODUCTION OF MODIFIED BITUMENS ALONG WITH
FURTHER DEVELOPMENT OF TRADE IN BITUMEN PRODUCTS
    * REGARDING LOTOS TERMINALE SHARES, INTENTION OF GROUP IS TO
TREAT
THEM AS LONG-TERM INVESTMENT

Source text for Eikon:  ID:nEM4bCtkVa 
Further company coverage:  UNTP.WA 

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