Allen & Overy has advised Aramco on its expansions in Poland and Central and Eastern Europe with a number of acquisitions from Polish oil refiner and fuel retailer PKN Orlen following its planned merger with Grupa Lotos. SMM Legal advised PKN Orlen and Rymarz Zdort advised Grupa Lotos.
The Saudi Arabian Oil Company is investing in “Poland’s refining, wholesale, and jet fuel marketing segments through a number of acquisitions from Polish oil refiner and fuel retailer PKN Orlen following its planned merger with Grupa Lotos,” according to Allen & Overy.
As the firm reports, “Aramco has agreed to acquire equity stakes of 30% in a 210,000 barrels per day refinery in Gdansk; 100% in the associated wholesale fuels business; and 50% in a jet fuel marketing joint venture with BP. The investment will see Aramco, the world’s largest integrated energy and chemicals company, significantly expanding its presence in the European downstream sector and further expanding its crude imports into Poland.”
Allen & Overy’s team included Warsaw-based Partners Jaroslaw Iwanicki and Marta Sendrowicz, Counsel Kamil Jankielewicz, and Senior Associate Maciej Skoczynski with further teams in the UK, Dubai, Belgium, and Germany.
Rymarz Zdort’s team included Managing Partner Pawel Rymarz, Partners Jakub Zagrajek, Iwona Her, and Robert Krasnodebski, Counsels Irmina Watly and Aleksandra Dobrzynska-Grezel, Associates Pawel Mazur,Diana Sofu, and Kamil Klopocki, and Junior Associate Filip Goledzinowski.
SMM Legal's team included Managing Partner Maciej Mataczynski, Partners Tomasz Jaranowski, Pawel Lacki, Wojciech Sikorski, Of Counsel Mateusz Stanczyk, Senior Associates Magdalena Cisowska, Izabela Jackowska, Piotr Ruchala, Milosz Malaga, and Associates Lukasz Dutkowski, Michal Wojtkowiak, Piotr Andrzejewski, Wojciech Rzepinski, Anna Mathews, and Dagmara Dragan.
This transaction is a part of a greater number of deals that will follow the ongoing PKN Orlen - Lotos merger.