SSW Pragmatic Solutions and Rymarz Zdort have advised PGNiG on its merger with PKN Orlen. Gide Loyrette Nouel and Ellex advised PKN Orlen. Kwasnicki Wrobel & Partnerzy advised both companies’ general shareholders’ meetings and represented Orlen for the registration of the merger. White & Case advised joint lead manager Citigroup Global Markets Europe and SMM Legal advised Orlen on WSE-related matters.
Earlier this year, SMM Legal and Bird & Bird advised on the merger clearance proceedings for this transaction (as reported by CEE Legal Matters on March 31, 2022).
According to SSW, “the merger between PGNiG and PKN Orlen is of strategic importance to strengthening Poland’s energy and natural resources security. It is also crucial for the development and strengthening of the fuel and energy industry. This merger is one of the largest transactions in the energy sector in recent years. Estimates show that the new group’s post-merger revenues will reach PLN 300 billion this year.”
“The merger of two Polish energy giants has created one of the largest groups in this sector in Central and Eastern Europe,” Ellex added. “The combined Orlen becomes the 155th energy company in the world by revenue.”
Operating in Central Europe and Canada, PKN Orlen is an energy and fuels provider.
Polskie Gornictwo Naftowe i Gazownictwo operates on the Polish natural gas market. The company specializes in the exploration and production of natural gas and crude oil.
The SSW team included Partners Anita Palukiewicz, Katarzyna Solarz-Wlodarska, Michal Badowski, and Lukasz Cudny, Counsel Robert Wodzynski, Senior Associates Joanna Perzyna, Joanna Palka, Anna Piotrowska, and Grzegorz Koguciuk, Associates Anna Bojja, Tomasz Pietrzyk, Kamil Jurzak, Iwona Domanska, and Joanna Berzynska-Garal, and Legal Knowledge Manager Aleksander Krzeszowiak.
The Rymarz Zdort team included Managing Partner Pawel Rymarz, Partner Jakub Zagrajek, Senior Associates Pawel Mazur and Tomasz Bakowski, and Associate Patrycja Gliwka.
The Gide Loyrette Nouel team included Partner Pawel Grzeskowiak and Associate Dawid Van Kedzierski.
The Ellex team was led by Partners Ramunas Petravicius and Dovile Greblikiene and included Partner Olga Petroseviciene, Associate Partner Edvinas Beikauskas, Senior Associates Inga Macijauskaite, Simona Cecyte, Simona Bumblauskyte-Kiauleikiene, and Giedrius Svidras, and Associate Ovidijus Girdauskas.
The RKKW team included Senior Partner Radoslaw Kwasnicki, Managing Partner Karol Maciej Szymanski, Partners Lukasz Sieczka and Piotr Letolc, and Associates Magdalena Wawrzonek and Lukasz Lipski.
The White & Case team included Partners Rafal Kaminski and Marcin Studniarek.
The SMM Legal team was led by Partner Marcin Czarnecki and included Of Counsel Maksymilian Saczywko and Senior Associates Marlena Kruszynska-Kosmicka, Jan Stranz, Magdalena Michalska-Niewiadomska, Hanna Zuchowska-Stacha, Diana Krzyzanowska, and Tomasz Lewandowski.