A merger between the two oil refiners of Poland, (44 PLN, 1,47%) and (54 PLN, 1,88%) Orlen should take place “as soon as possible”, Orlen Chief Executive Officer said to Plus Biznesu, according to Bloomberg.
Our view: We see the news could have mild positive impact as it could revive merge speculations on the market. However we would highlight that we do not see it realistic that the merge could take place before this autumn, as we believe no such major political decision will be made ahead of pre-scheduled elections in Poland