Grupa Lotos
Grupa Lotos S.A. was a vertically integrated oil company based in Gdańsk, Poland. The company was listed in the Polish index WIG30. The Polish state was the majority shareholder with 53% percent. The company's main activity branches were: crude oil production, refining and marketing of oil products. The company was a leader in lubricants on the Polish market. Grupa Lotos was a producer of unleaded gasoline, diesel, fuel oils, aviation fuels, motor and industrial lubricants, bitumens and waxes.
Lotos headquarters in Gdańsk, Poland | |
| Company type | Spółka Akcyjna |
|---|---|
Traded as | WSE: LTS |
| Industry | Oil and gas |
| Founded | 2003 |
| Defunct | August 1, 2022 |
| Fate | Merged with PKN Orlen |
| Headquarters | , Poland |
Key people | Zofia Paryła (President) |
| Products | Petroleum Petroleum products |
| Revenue | 7,003,000,000 Euro (2018) |
Net income | 369,100,000 Euro (2018) |
| Total assets | €16.3 billion |
Number of employees | 7,547 |
| Website | www |
In 2018 the Polish oil refiner and retailer PKN Orlen announced its intent to acquire the company. The merger approval from the European Commission required significant asset divestments by both companies and is expected to reach closing in June or July 2022. On August 1, Orlen finalised the merger with Lotos.