Grupa Lotos

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Grupa Lotos S.A.

Lotos headquarters in Gdańsk, Poland
Company type	Spółka Akcyjna
Traded as	WSE: LTS
Industry	Oil and gas
Founded	2003 (2003)
Defunct	August 1, 2022 (2022-08-01)
Fate	Merged with Orlen
Headquarters	Gdańsk , Poland
Key people	Zofia Paryła (President)
Products	Petroleum Petroleum products
Revenue	PLN 33 billion € 7.252 billion (2021)[1]
Net income	369,100,000 Euro (2018)
Total assets	€16.3 billion
Owner	Orlen
Number of employees	7,547
Website	www.lotos.pl

Grupa Lotos S.A. was a vertically integrated oil company based in Gdańsk, in northern Poland. The company was listed in the Polish index WIG30. The Polish state was the majority shareholder with 53% percent.^[2] The company's main activity branches were: crude oil production, refining and marketing of oil products. The company was a leader in lubricants on the Polish market.^[3] Grupa Lotos was a producer of unleaded gasoline, diesel, fuel oils, aviation fuels, motor and industrial lubricants, bitumens and waxes.

In 2018 the Polish oil refiner and retailer PKN Orlen announced its intent to acquire the company. The merger approval from the European Commission required significant asset divestments by both companies and is expected to reach closing in June or July 2022.^[4] On August 1, Orlen finalised the merger with Lotos.^[5]