Polski Koncern Naftowy Orlen SA Strategic Projects - Corporate Call Transcript
Ladies and gentlemen, welcome to the conference call of PKN ORLEN. At our customer's request, this conference call will be recorded. (Operator Instructions)
I will now hand over to your host, Mr. (inaudible) Sir, please go ahead.
Thank you, operator. Good afternoon, ladies and gentlemen. Thank you for your attendance, and welcome to the PKN ORLEN conference call regarding agreement on cooperation between PKN ORLEN S.A., LOTOS S.A. Group, PGNiG S.A. and the State Treasury concerning taking control over LOTOS Group and PGNiG S.A. by PKN ORLEN S.A.
For those that may have missed the morning report, I will briefly go through its main topics, and then we will proceed with Q&A session, during which several directors from PKN ORLEN will be ready to answer your questions.
So let's go to the brief. According to the above-mentioned agreement, the approved scenario of taking control over LOTOS Group and PGNiG by PKN ORLEN is a merger between those companies by acquisition, pursuant to Article 492.1.1 of the
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