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SMM Legal Advises Grupa Lotos on Gdansk Refinery Spin-Off

SMM Legal Advises Grupa Lotos on Gdansk Refinery Spin-Off

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SMM Legal has advised Grupa Lotos on the spin-off of its Gdansk refinery to its subsidiary Lotos Asfalt.

The estimated transaction value exceeds PLN 4.8 billion.

According to SMM Legal, “the transaction is part of the client’s intra-group reorganization, and is one of the preparatory steps for the remedies requested by the European Commission in order to green-light the merger of Grupa Lotos and PKN Orlen.”

Grupa Lotos is a vertically integrated oil company based in Gdansk, Poland. Its main activity branches are crude oil production, refining, and the marketing of oil products.

SMM Legal’s team included Partner Marcin Czarnecki and Senior Associates Marlena Kruszynska-Kosmicka, Magdalena Michalska-Niewiadomska, Diana Krzyzanowska, and Tomasz Lewandowski.

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Penteris is a law firm combining in-depth expertise, robust advice, and a pan-regional reach.

We provide full-service business law advice within five sector lines: Energy & natural resources, Financial institutions, Private equity, Real estate, and Retail.

On the market since 2001, we were originally part of a Scandinavian law firm and then a founding office of a pan-Baltic organisation.

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The team continues to be internationally recognised year on year, most recently by Chambers Global 2020, Chambers Europe 2020, and The Legal 500 EMEA 2020.

Firm's website: https://penteris.com

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