Poland is planning to merge its firms. The government indicated that it plans to merge the entities to avoid hostile take-over. Treasury Minister, Dawid Jackiewicz is considering tie-ups between Polski Koncern Naftowy ORLEN Spolka Akcyjna (WSE:PKN) (PKN), Grupa LOTOS Spólka Akcyjna (WSE:LTS), and Polskie Gornictwo Naftowe I Gazownictwo Spolka Akcyjna (WSE:PGN) (PGNiG), with the analysis to be ready by quarter ending March 31, 2016. According to the news report, put together their joint market value would stand at PLN 60 billion.

The minister said, “I have started works on this concept to find out what positive effects one could expect. This is about strengthening our position in these companies in order to prevent attempts of hostile takeovers.” Poland controls PKN via a 27.5% stake, holds 53.2% LOTOS and 72% of PGNiG. Dawid Jackiewicz said that the treasury would consider more than one merger option between the three.