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...

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PKN ORLEN supports fight against informal fuel trade

PKN ORLEN has donated 32 modern vehicles to the National Revenue Administration (NRA) to help with roadside fuel transport inspections. The Group will also equip the NRA with communication systems for 200 specialised vehicles. Worth over PLN 15.5m, the donations aim to support the government efforts designed to combat informal fuel trade, which have helped PKN ORLEN to increase diesel and gasoline sales by, respectively, 48% and 26% in recent years.

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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.

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ORLEN with Golden CSR Leaf

​PKN ORLEN was awarded the Golden CSR Leaf for another consecutive year in recognition its CSR efforts in 2019. The Company was also distinguished for its project to develop a high-performance silicon carbide DC charger with an efficiency 97%. The CSR Leaves is a list of Poland’s most socially engaged companies, prepared by the Polityka weekly in partnership with the Responsible Business Forum and Deloitte

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PKN ORLEN’s Annual General Meeting

​The Annual General Meeting of PKN ORLEN granted discharge from liability to all members of the Company’s Management and Supervisory Boards for 2019. The shareholders also approved the amount of dividend proposed by the Management Board for the previous year, of PLN 1 per share. July 28th 2020 was set as the dividend payment date.

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PKN ORLEN one step closer to acquiring RUCH

​PKN ORLEN is set to acquire a 65% stake in RUCH and become the company’s majority shareholder, responsible for its development. The parties to the transaction have agreed on the terms and conditions of the deal in an investment agreement. PKN ORLEN has also obtained clearance from the Office of Competition and Consumer Protection (UOKiK) to go ahead with the transaction.

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PKN ORLEN has sent sanitiser liquids to Italy

​PKN ORLEN has provided the Vatican and the Office of Papal Charities with protective products necessary to combat the coronavirus pandemic. The supplies will be donated to those most needy, who are under the direct care of Cardinal Konrad Krajewski, the Papal Almoner. The efforts have been coordinated by the Polish Ministry of Foreign Affairs and the Embassy of the Republic of Poland to the Holy See.

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PKN ORLEN’s consolidated financial results for Q1 2020

​PKN ORLEN POSTS STRONG OPERATING RESULTS DESPITE A DECLINE IN SALES VOLUMES. After the first quarter of 2020, PKN ORLEN reported LIFO-based EBITDA of PLN 1.6bn. Revenue came in at PLN 22bn despite a...

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PKN ORLEN revises dividend for shareholders

​The PKN ORLEN Management Board has decided to reduce the originally proposed dividend for 2019 from PLN 3 to PLN 1 per share. The change is made in view of the current macroeconomic situation, especially in the financial market as well as in the fuel and energy sector.

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