PKN Orlen to become sole shareholder of Unipetrol

Poland’s largest oil refiner, PKN Orlen, is set to become the sole shareholder of its Czech subsidiary Unipetrol after shareholders agreed to the forced buyout of shares representing approx. 5.97 percent of the share capital.

Locked content PKN Orlen gets approval for Unipetrol squeeze out

PKN Orlen received from the Czech National Bank an approval to acquire the remaining  5.97 percent of Unipetrol shares owned by minority shareholders. The remaining 94.03 percent stake already belongs to PKN Orlen. The deal value is CZK 380 per share or about CZK 4.11 billion in total. Following the...

Locked content Six dead in an explosion at Orlen’s Czech unit plant

Six people died in an explosion at a storage tank at Kraluoy refinery owned by Unipetrol, a Czech unit of WSE-listed fuel group Orlen. “I can confirm that the event took place at the refinery of Unipetrol in Kralupy nad Vltavou. One of the storage tanks exploded without a subsequent fire in the Kral...

Locked content Orlen finalizes Unipetrol takeover

WSE-listed fuel giant Orlen bought 31.04 percent stake in its Czech unit Unipetrol for PLN 3.5 billion, the company said in a market filing. After the transaction, Orlen will control 94.03 percent stake. “Following the purchase, the group’s net debt will remain at a safe level and should have ...

Locked content Orlen tenders 31% stake in Unipetrol

WSE-listed, state-owned oil giant PKN Orlen tendered 31.05 percent shares in its Czech subsidiary Unipetrol, increasing its stake to nearly 94 percent. Orlen offered CZK 380 per share and plans to delist the company from the Prague bourse. The company hopes that the takeover will increase the synerg...

Locked content Orlen closer to full Unipetrol takeover

The largest minority shareholder of Czech Unipetrol, Paulinino will sell its stake to WSE-listed fuel giant PKN Orlen, the company said. Paulinino, which owns 20 percent stake in Unipetrol decided to sell as it expects the high performance in the sector would be hard to maintain. “Such favorable mac...

Locked content 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 t...

Locked content Unipetrol RPA and Benzina to merge

Two Czech companies controlled by Polish refiner PKN Orlen, Unipetrol RPA and Benzina which are included in Unipetrol’s group will merge within a few weeks, a press release read. Orlen reported that the merger is an “optimization strategy” of its asset structure in the Czech Republ...