PKN ORLEN closer to take over the ENERGA Group

​The European Commission has given its unconditional approval for PKN ORLEN’s plan to take over the ENERGA Group. This is another step, following the tender offer, on PKN ORLEN’s path towards further diversification of its business and strengthening of its position on the competitive European market. The transaction aims to benefit both companies, the regions where they operate and their shareholders, as well as to make Poland’s economy more resilient to new challenges.

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PKN ORLEN’s consolidated financial results for Q4 2019

PKN ORLEN POSTS SOLID FY 2019 RESULTS WITH RECORD EARNINGS DELIVERED BY RETAIL AND POWER. PKN ORLEN posted LIFO-based EBITDA of PLN 9.4bn and net profit of PLN 4.5bn for 2019. The Company’s net...

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PKN ORLEN’s Q3 2019 Consolidated Financial Results

​PKN ORLEN EXCELLENT PERFORMANCE ON RECORD-HIGH CRUDE PROCESSING VOLUMES. In the third quarter of 2019, PKN ORLEN earned LIFO-based EBITDA of PLN 3.2bn, an increase of nearly PLN 800m (over 30%)...

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The Commission's in depth analysis concerning ORLEN/LOTOS merger continues

​As a matter of customary practice, the Commission has issued a standard ‘stop the clock’ decision for the second phase of its evaluation, so that PKN ORLEN has more time to gather additional information requested by the Commission. The ‘stop the clock’ procedure is now commonly used by the Commission for the purpose of in-depth investigations, especially into complex acquisitions, so that the Commission can take a well informed decision.

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Another major milestone towards acquisition of LOTOS Group by PKN ORLEN

​PKN ORLEN has signed a memorandum of understanding with the Polish State Treasury and Lotos Group concerning its intended acquisition of a controlling stake in the Gdańsk-based company. It represents...

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PKN ORLEN’s consolidated financial results for Q2 2019

STRONG PERFORMANCE DELIVERED IN A CHALLENGING MACRO ENVIRONMENT. In the second quarter of 2019, PKN ORLEN earned LIFO-based EBITDA of PLN 2.7bn, an increase of more than PLN 600m y/y. Earnings improved...

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PKN ORLEN to partner with PZU Group in setting up PPK

​PKN ORLEN has signed an Employee Capital Plan (PPK) management agreement with PZU that will give several thousand employees of Central and Eastern Europe’s largest business organisation an opportunity to save for their retirement in a PPK scheme run by a leading financial group in this part of Europe.

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PKN ORLEN moves a step closer to merger with LOTOS Group

PKN ORLEN has just filed a formal application for the European Commission’s approval of its proposed acquisition of LOTOS Group. The completion of the process would result in a single strong internally integrated entity with international potential, whose position in the oil supply market would be even more prominent.

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PKN ORLEN has announced a tender to buy up all shares in the ENERGA Group

​A tender offer has been announced by PKN ORLEN to buy up all shares in the ENERGA Group. The proposed transaction is in line with PKN ORLEN’s strategy to develop into a strong multi-utility player,...

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