No. 29/2004 | 29-04-2004
Czech Government Decision
Polski Koncern Naftowy ORLEN S.A. ("PKN ORLEN"), Central Europe’s largest downstream oil company, informs that it has not received to date any official confirmation in writing that the Czech Government has selected PKN ORLEN as the successful bidder in the public tender procedure for the 62.99% stake in the leading Czech downstream oil and petrochemicals group, Unipetrol a.s. held by the National Property Fund.
The only information available to the Management Board of PKN ORLEN which might suggest that the Czech Government has made any decision as to the outcome of the above mentioned tender procedure is the information provided via telephone by WestLB, the advisor to the Czech Government.
The Management Board of PKN ORLEN will publish information regarding the decision of the Czech Government immediately upon receiving an official information.
About PKN ORLEN SA
PKN ORLEN S.A. is one of the largest companies in Central & Eastern Europe, with listings on the Warsaw and London Stock Exchanges, and trading on the OTC market in the U.S.A. It is Poland’s largest refiner of crude oil and marketer of world-class petroleum and related products. It has a substantial wholesale and retail distribution system that includes the largest network of service stations in Poland. It also has significant financial investments in the telecommunications sector in Poland.