PKN ORLEN applied to Agrofert to reveal details of the agreements
In order to rectify various information published in the media and defend itself, on September 7th PKN ORLEN asked once again for Agrofert`s consent to announce material matters set out in the formal agreements executed between parties.
Most of the information concerning the agreements has been so far cover by confidentiality cclauses. Unfortunately, until now PKN ORLEN was not allowed by Agrofert Holding to reveal the details of the agreements, although it had applied for such an allowance already in June 2005. In view of public statements made by Agrofert these days in Prague and Warsaw and given that position of Agrofert seems to have changed, PKN ORLEN again requested Agrofert to countersign the letter to agree for disclosure of not only parts, but all the agreements, letter of interest, side letter related to Agrofert Holding`s and PKN ORLEN`s contracts as regards sale of assets.
The current Management of PKN ORLEN wants to underline that its activities are transparent and ethical and it is determined to clear the situation around ORLEN and concentrate on value creation for UNIPETROL and our shareholders.
