Grupa Lotos to sell liquid fuels to BP Polska
The agreement provides for contractual penalties whose maximum value is PLN23.9 million. The agreement does not contain any provisions under which either party would be entitled to seek compensation in excess of the contractual penalties. Other terms and conditions of the agreement do not differ from the terms and conditions commonly applied in agreements of such type. The agreement is considered significant as its estimated value exceeds 10% of Grupa Lotos's equity.