Mergers & Acquisitions Mergers & Acquisitions

PKN Orlen-Lotos merger created monopoly on slack-wax market, Polwax tells EU court

By Andrew Boyce
  • 11 Jan 2023 16:56
  • 11 Jan 2023 16:56
PKN Orlen’s takeover of rival Polish oil refiner Lotos was wrongly approved by EU merger officials, who failed to properly analyze the deal's impact on the market for slack wax, Polwax told EU judges today.
The acquisition has left Polwax struggling to secure slack from PKN Orlen, which now has

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Andrew Boyce


Andrew is a reporter covering merger reviews and competition policy for MLex in Brussels. He joined MLex in 2015 and holds a degree and a master’s degree in history from the University of Liverpool.

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