ROSSI BIOFUEL Zrt. signed a preliminary agreement to acquire Lotos Biopaliwa Sp. Z .O.O. from Grupa LOTOS S.A. (WSE:LTS) on January 11, 2022. The transaction also comprises agreement for the sale of biocomponents between PKN Orlen and LOTOS Biopaliwa, which is to be concluded for the period of 4 years.The transaction was a part of European Commission's conditional agreement for the takeover of the LOTOS Group by PKN Orlen. Closing of the transaction is subject to, among others, obtaining the approval of the European Commission. Lukasz Szatkowski, Blazej Zagorski, Rafal Zwierz, Piotr Ciolkowski, Malgorzata Urbanska, Agnieszka Skorupinska, Eva Talmacsi, and Helen Rodwell of CMS acted as legal advisor to ROSSI BIOFUEL Zrt. and Pawel Rymarz, Partners Jakub Zagrajek, Iwona Her, and Robert Krasnodebski, Counsels Aleksandra Dobrzynska-Grezel and Irmina Watly of Rymarz Zdort acted as legal advisor to Grupa LOTOS S.A.

ROSSI BIOFUEL Zrt. completed the acquisition of Lotos Biopaliwa Sp. Z .O.O. from Grupa LOTOS S.A. (WSE:LTS) on January 11, 2023 which is an estimated completion date.