PKN ORLEN set to acquire all shares in Energa Group

​A tender offer has been announced by PKN ORLEN to buy a minority interest in the Energa Group to facilitate further effective integration of the ORLEN Group’s and Energa Group’s assets. The buyout would also bring tangible benefits to the ORLEN Group’s shareholders and investors, who would be able to fully benefit from synergies generated by the merger.

ORLEN to build first hydrogen refuelling stations on Czech market

​The ORLEN Group is engaged in consistent work to develop environmentally friendly hydrogen technologies. Construction of hydrogen refuelling (HR) points is due to begin at two Benzina stations in the...

Another major milestone towards acquisition of Grupa LOTOS by PKN ORLEN

​PKN ORLEN has signed a memorandum of understanding with the Polish State Treasury and Grupa LOTOS concerning its acquisition of Grupa LOTOS shares and thus control of the Gdańsk-based group. It represents another stepping stone to establishing a strong and integrated organisation capable of successfully competing on international markets and significantly strengthening Poland’s security in fuels and energy.

Further steps taken by PKN ORLEN to acquire PGNiG Group

​PKN ORLEN has begun work on a merger control submission to the European Commission regarding its intended acquisition of the PGNiG Group, Poland’s incumbent gas supplier. Concurrently, a due diligence process will be carried out at the target, pursuant to a confidentiality agreement signed between both parties. The acquisition would mark an important stepping stone in PKN ORLEN’s efforts to build a single multi-utility group with a strong position in Europe and global coverage.

PKN ORLEN has European Commission’s clearance for acquisition of Grupa LOTOS

​The European Commission decided that PKN ORLEN’s application for the acquisition of PGNiG would be considered by the President of the Office of Competition and Consumer Protection (UOKiK). The...

Process to acquire PGNiG Group launched by PKN ORLEN

​PKN ORLEN and the State Treasury, represented by the Minister of State Assets, have signed a Letter of Intent concerning acquisition by PKN ORLEN of the PGNiG Group. Following the buy-up of the ENERGA...

PKN ORLEN invests to develop its refining and petrochemical production

​PKN ORLEN has commenced the construction of a visbreaking unit, a key project for the Płock refinery. Worth approximately PLN 1bn, it will significantly increase the yield of light products: gasoline and diesel oil. Once completed at the end of 2022, it will boost the ORLEN Group’s EBITDA by up to PLN 415m annually.

ORLEN Group will consolidate its position in China

​Direct sale of ORLEN Group products on the promising Chinese market will be managed by ORLEN China, which is to officially launch its operations in the second half of the year. Initially, the company will focus on selling engine oils, previously distributed in China through third parties. Over the coming three years, sales through an ORLEN Group company will contribute to achieving a several-fold increase in operating profit compared with the present level.

ORLEN Group’s ANWIL to increase production capacity

ANWIL, a company of the ORLEN Group, is making progress on the project to build a third nitrogen fertilizer production line as scheduled. The facility will increase the company’s production capacity by approximately 50% and thus improve its position against foreign competition. Estimated to be worth approximately PLN 1.3bn, the construction of the new line is the largest capital project being carried out in the Province of Bydgoszcz and Toruń and will make a significant contribution to the Polish economy. When completed, it will offer 100 new jobs and is forecast to add almost PLN 245m to ANWIL’s annual EBITDA.The project site was visited by Andrzej Duda, President of Poland.