31.10.2006
PKN ORLEN denies speculations on Mazeikiu Nafta
PKN ORLEN categorically denies speculation that any depreciation of the Mazeiku Nafta (MN) asset value is in the Polish company’s interest. PKN ORLEN wishes to stress that the investment in MN is the biggest in the history of the Polish economy and it is in PKN ORLEN’s interest to build up the value of the transaction. Therefore, speculation on PKN ORLEN’s alleged co-operation with the MN managers to undermine the company’s value are absurd and baseless.
At the same time PKN ORLEN is taking a definite stand that the present management in MN should continue, and that any personnel decisions should be made only after the closing of the deal.
