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BP concerned over planned merger of Poland's two biggest refineries

Published 05/09/2018, 14:53
Updated 05/09/2018, 15:00
© Reuters. FILE PHOTO: BP logo is on display in Moscow

LONDON (Reuters) - The planned merger of Poland's two largest refiners PKN Orlen (WA:PKN) and Grupa Lotos (WA:LTSP) could restrict competition in the east European country, BP (L:BP) said in a statement on Wednesday.

The London-based oil and gas company has not filed any official complaint with Polish or European Union authorities but will consider its options in the future, a company spokeswoman said.

"If this merger were to go ahead, 95 percent of the (country's supply and infrastructure) market would be controlled by two companies," the BP statement said.

© Reuters. FILE PHOTO: BP logo is on display in Moscow

"We believe that a competitive market is in the best interest of Polish consumers and that this merger could restrict that competition unless there is a guaranteed competitive cost of supply and infrastructure access."

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