PKN ORLEN moves a step closer to merger with PGNiG and Grupa LOTOS

​The Ministry of State Assets, PKN ORLEN, PGNiG and Grupa LOTOS have confirmed the structure of the intended merger. They have signed a four-party agreement providing for a merger formula that guarantees stable financial condition of the new strong company and takes into account the needs of all shareholders, including minority interests. The leading role of PKN ORLEN in the transaction has also been guaranteed.

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President of UOKiK to consider PKN ORLEN’s application for the acquisition of PGNiG

​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 decision follows from the fact that the planned concentration will not have any significant impact on competition outside Poland, and the President of UOKiK was selected as the most competent authority to assess its impact on the Polish market.

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New petrochemical product in ORLEN Unipetrol portfolio

​In response to market demand, ORLEN Unipetrol is investing to expand its petrochemical product offering. Once a production facility is constructed at the Litvínov plant in the Czech Republic, in the second half of 2022 a new product will be launched on the market.

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PKN ORLEN sustainability bonds sold to investors

​PKN ORLEN has issued 10,000 bonds with a total value of PLN 1bn and a margin of 90 basis points per annum in the first interest period. The margin in subsequent interest periods will depend on the...

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PKN ORLEN to issue bonds bearing lowest interest rate in operating history

​Having finished the bookbuilding process, PKN ORLEN will issue PLN 1bn worth of bonds with a margin of 90 basis points above the 6-month WIBOR. The company has obtained very favourable funding terms...

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PKN ORLEN to take over Polska Press

ORLEN is expanding its presence in the media market. The acquisition of one of the largest publishing groups in...

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ORLEN2030: towards a new, sustainable business

The path of the ORLEN Group’s transformation until 2030 has been charted around renewable energy and advanced petrochemicals. Business diversification efforts will be driven by maximised profits from...

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PKN ORLEN's consolidated financial results for 3Q2020

​SOLID FINANCIAL PERFORMANCE DELIVERED BY ORLEN GROUP DESPITE EXTREMELY CHALLENGING MARKET ENVIRONMENT. Amid the historically harshest macroeconomic headwinds for the refining industry, PKN ORLEN...

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PKN ORLEN looking to issue sustainability bonds

​PKN ORLEN is planning to issue bonds worth up to PLN 1bn by the end of this year. The proceeds may be applied to fund, among other things, some of the capital projects undertaken to advance the...

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