PKN Orlen acquired Česká Rafinérská

PKN Orlen’s subsidiary Unipetrol has finalized the takeover of a 32.45 percent stake in Česká Rafinérská from Italian ENI, Orlen announced.

“Unipetrol acquired a block of shares representing 32.445 percent of the company’s share capital, which, in addition to shares already owned, means that Unipetrol now holds a 100 percent stake,” a press release read.

The value of the transaction stood at 24 million.

Upon finalizing the takeover, Orlen signed another annex to the agreement with its supplier Rosfnet Oil Company increasing the volume of oil delivered to Unipetrol RPA by 120,000 metric tons a month.

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