PKN ORLEN has been presented with the prestigious Index of Success 2013 award in the mergers and acquisitions category. This year's laureates of ‘CE Top 500 Index of Success’, a ranking prepared under the auspices of the Deloitte consultancy and the Rzeczpospolita daily, have been selected from among Central Europe's 30 key companies by a panel of independent experts. The awards have been presented at an official gala ceremony at the 24th Economic Forum in Krynica.
Recognising PKN ORLEN in the M&A category, the independent experts have acknowledged that the Company's expansion to the Canadian market not only has potential to diversify its sources of value growth, but may also benefit Poland's economy. In line with PKN ORLEN's strategy for the upstream sector, the experience gained in Canada may later be leveraged during unconventional hydrocarbon exploration projects in Poland.
“Not unlike a marathon, expanding into a foreign market requires a far-sighted approach, perseverance and responsibility. PKN ORLEN has a wealth of experience gained from foreign investment projects. These projects, for which we have been now recognised in the Index of Success rating, offer a real chance to create a new pillar of PKN ORLEN's operations – own crude oil and gas production. Furthermore, we hope that the solutions put to use in Canada will help us develop technologies for hydrocarbon production from unconventional deposits in Poland,” said Jacek Krawiec, President of the PKN ORLEN Management Board
The CE Top 500 ranking has been regularly published by the Rzeczpospolita daily and Deloitte for seven years. The Index of Success, which measures the market success of key companies in Central Europe, has been an integral part of the ranking since 2011. The Index reflects the general business climate and the condition of the largest, most dynamically growing companies. To be included in the Index, a company must meet a number of objective conditions, which encompass such factors as revenue and international operations.