PKN ORLEN Increases Equity Interests in Key Companies of the ORLEN Group
PKN ORLEN has signed agreements with the Ministry of the State Treasury for purchase of blocks of shares in two key companies of the ORLEN Group.
As the majority shareholder of Rafineria Trzebinia S.A., PKN ORLEN S.A. reviewed the terms of the offer announced by the Ministry of the State Treasury and decided to participate in the auction, which it eventually won yesterday. Following execution of the agreement for purchase of shares representing another 9.19% of the company's share capital, which took place today, PKN ORLEN S.A.'s equity interest in Rafineria Trzebinia S.A. has increased to approx. 86.35%.
Being the majority shareholder of Anwil S.A., PKN ORLEN submitted a bid to the Minister of the State Treasury for a block of shares representing 5.56% of the share capital of Anwil S.A. Following the acceptance of PKN ORLEN's bid by the Ministry and execution of the relevant agreement, which took place today, the Company's equity interest in Anwil S.A. has increased to approx. 90.35%.
- In line with our strategy to build a stable management structure, we seize opportunities to increase equity interests in significant companies of the ORLEN Group. We are satisfied that the terms of our offers were accepted, enabling us to smoothly execute the two transactions - summarises Jacek Krawiec, President of the Management Board of PKN ORLEN.