Orlen to bid on remaining stake in Czech Unipetrol

WSE-listed, state-owned oil giant PKN Orlen launched a voluntary tender offer to buy the remaining shares in its Czech peer Unipetrol in which holds a 62.9 percent stake. Orlen is offering CZK 380 per share and will proceed to a purchase if 90 percent of the shares are tendered, allowing the group to proceed to…

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