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Polish refiner PKN's shareholders approve takeover of Grupa Lotos

Reuters
Updated

PLOCK, Poland, July 21 (Reuters) - Shareholders of Polish refiner PKN Orlen on Thursday approved the proposed takeover of smaller rival Grupa Lotos, bringing Poland closer to creating a national champion better able to compete against global players.

Lotos shareholders voted in favour of the deal on Wednesday. Both companies are state-controlled. (Reporting by Anna Koper Writing by Anna Wlodarczak-Semczuk and Alan Charlish Editing by David Goodman and Bernadette Baum)