EU tells PKN its planned Lotos deal may hurt competition

WARSAW (Reuters) - Poland's biggest refiner PKN Orlen said on Wednesday that it received a statement of objections from the European Commission regarding its planned takeover of smaller rival Lotos . The EU competition enforcer typically uses a statement of objections to list specific areas where mergers could result in higher prices or put pressure on rivals, which can spur the company making the takeover bid to offer concessions."The Commission confirms that it has sent a Statement of..