The Polish Competition Authority imposes a maximum fine due to lack of approval for the joint venture to 6 companies participating in the construction of a gas pipeline (Gazprom / Nord Stream 2)

Nord Stream 2 - maximum penalties imposed by UOKiK President* Tomasz Chróstny, President of UOKiK, has imposed a penalty of over PLN 29 bn on Gazprom, and of over PLN 234 mln on 5 remaining companies participating in the construction of the gas pipeline - as a result of the lack of approval for the Nord Stream 2 transaction. Pursuant to the decision of the President of UOKiK, the entities concerned are obliged to terminate the agreements for financing Nord Stream 2. The unprecedented decision and the imposition of the maximum penalty are the outcome of the proceedings UOKiK has concluded with regard to a company that is responsible for constructing and operating Nord Stream 2 gas pipeline without the required consent of the President of UOKiK. Charges against six economic operators

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Polish Competition Authority, The Polish Competition Authority imposes a maximum fine due to lack of approval for the joint venture to 6 companies participating in the construction of a gas pipeline (Gazprom / Nord Stream 2), 7 October 2020, e-Competitions Mergers & Joint ventures, Art. N° 97188

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