PKN ORLEN secures clearance from Czech National Bank to acquire Unipetrol

​PKN ORLEN has secured clearance from the Czech National Bank for the purchase of Unipetrol shares representing approximately 5.97% of the company’s share capital. The approval paves the way for a squeeze-out at a price of CZK 380 per share that is fair to both PKN ORLEN and the minority shareholders.

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ORLEN to take full control of Czech-based Unipetrol

PKN ORLEN Supervisory Board has approved the acquisition of the remaining shares in Unipetrol, representing approximately 5.97% of its share capital. PKN ORLEN intends to offer CZK 380 per share, the price offered in the tender offer announced in December 2017, which received positive responses from Unipetrol shareholders holding a total of more than 31% shares. The transaction will be finalised – among other things – upon its clearance by the Czech National Bank.

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PKN ORLEN CEO’s fruitful visit to Lithuania

President of the PKN ORLEN Management Board Daniel Obajtek met today with the Prime Minister of Lithuania Saulius Skvernelis. The discussions focused around strategic issues from the point of view of the government and PKN ORLEN. Daniel Obajtek and Lithuania’s Ministers of Energy and of Transport and Communications, Žygimantas Vaičiūnas and Rokas Masiulis, signed a memorandum of mutual understanding and cooperation with respect to the country’s energy security.

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Effective tender offer for Unipetrol shares

Today, PKN ORLEN made payments for shares tendered by minority shareholders in response to the tender offer for shares in Unipetrol a.s., announced in December 2017. The payments totalled PLN 3,5 bn....

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PKN ORLEN intends to take full control of Czech-based Unipetrol

PKN ORLEN, holding a 62.9% equity interest in Unipetrol a.s., has launched a conditional voluntary tender offer for shares in the Czech company. The offer is conditional on PKN ORLEN acquiring at least 90% of Unipetrol’s share capital.

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New beginning in Lithuania

In Vilnius, ORLEN Lietuva and the Lithuanian Railways signed an agreement ending long-running disputes between the companies. Wojciech Jasiński, President of the Management Board of PKN ORLEN, Saulius Skvernelis, Prime Minister of Lithuania, and Rokas Masiulis, Lithuanian Minister of Transport, were present at the event.

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Iranian oil for PKN ORLEN

PKN ORLEN has purchased 1 million barrels of Iranian Light oil. It will be delivered to Naftoport in Gdańsk in January, to be then transported to the PKN ORLEN refinery in Płock.

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Saudi crude will continue to be supplied to PKN ORLEN refineries

PKN ORLEN will continue to work with Saudi Aramco as a supplier of crude oil to its refineries in Poland, the Czech Republic, and Lithuania. The contract has been extended for another year, until December 31st 2017.

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PKN ORLEN arranges crude oil supplies to its Czech refinery

PKN ORLEN has signed the annex to the contract with Rosneft Oil Company for crude oil supplies to Unipetrol in the Czech Republic. The annex provides for flexibility in the supply volumes – approx. 2,9 million tonnes to approx. 5 million tonnes per year. Today, PKN ORLEN has also signed a contract with Tatneft for the supply of approximately 600,000 tonnes of crude oil annually to its Czech refinery.

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