# Grupa LOTOS signs letter of intent for up to PLN 500M investment in Polimery Police project

Grupa LOTOS signed a letter of intent with Grupa Azoty companies regarding a potential investment of up to PLN 500 million in the Polimery Police project, a polypropylene complex in Police, Poland.

- Type: Investment
- Announced: 2019-04-26
- Where: Police, Poland
- Value: $130.0M (500.0M PLN)
- Status: announced
- Products: polypropylene
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Grupa Azoty](https://endata.com/companies/9017.md)
- [Grupa Azoty Zakłady Chemiczne Police](https://endata.com/companies/21043.md) (partner)
- [PDH Polska](https://endata.com/companies/21044.md) (partner)
- [Grupa LOTOS](https://endata.com/companies/39057.md) (investor)

## Sources

- [en.ceo.com.pl](https://en.ceo.com.pl/Azoty-Group-received-a-declaration-from-Lotos-regarding-the-acquisition-of-shares-worth-up-to-PLN-500-million-87385), 2019-04-26: "The signing of a letter of intent with Grupa LOTOS is a significant milestone for the implementation of the Police Polymer Project."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.