US Markets

BP might look at Polish refiner PKN's assets if they are for sale

Credit: REUTERS/ARND WIEGMANN

BP may be interested in Polish refiner PKN Orlen's assets if they are up for sale as a result of an investigation by the European Commission into PKN's plan to buy smaller rival Lotos, the head of BP Europe said.

KRYNICA ZDROJ, Poland, Sept 3 (Reuters) - BP BP.L may be interested in Polish refiner PKN Orlen's PKN.WA assets if they are up for sale as a result of an investigation by the European Commission into PKN's plan to buy smaller rival Lotos LTSP.WA, the head of BP Europe said.

European Union antitrust regulators said last month that PKN's bid for Lotos may reduce competition in Poland and neighbouring countries and push up prices.

"If the EC decides that the market structure needs opening up a bit after the merger, then of course we and other companies would be happy to enter into any discussion about assets that potentially could be for sale," Peter Mather told Reuters on Tuesday.

"That could be anything across the whole value chain," he said in an interview on the sidelines of an economic conference in southern Poland.

(Reporting by Marcin Goclowski)

((marcin.goclowski@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More