Mergers and acquisitions on the example of the PKN Orlen in 2022

Abstract

The acquisition of Lotos and PGNiG by PKN Orlen was one of the most complicated and politically controversial transaction on the Polish capital market. It was also one of the most important events on the M&A market in Poland. The idea of building a multi-energy company capable of resisting the Russian energy dictate, additionally intensified by the conflict in Ukraine, seems to be justified. However, it should not be a result of political reasons, but also a result of a responsible development strategy. Mergers and acquisitions as mechanisms of long-term management allow for the development of enterprises when other mechanisms are not optimal, and the strategy itself is implemented within the framework of long-term perspectives.

Keywords

• mergers and acquisitions
• energy
• PKN Orlen
• transactions