Acquisition of Energa by PKN Orlen gets EU nod

The acquisition of Energa by PKN Orlen, both of Poland complies with EU Merger Regulation, the European Commission said on April 1.
Energa is an energy company active in the generation and wholesale supply, distribution, and retail supply of electricity and other energy-related activities in Poland. Orlen is an oil and gas company active on the wholesale and retail markets for refined oil products in Austria, Czechia, Estonia, Germany, Latvia, Lithuania, Poland and Slovakia. It is also active in the generation and wholesale supply of electricity in Poland.
The Commission said the transaction would raise no competition concerns given the limited overlaps between the companies’ activities. The transaction was examined under the normal merger review procedure.