Agrofert fires 30-day warning shot over PKN Orlen's bow

On Tuesday it sent an ultimatum to the Płock-based oil concern. "If payment is not made within 30 days of receiving the letter, we will send the documents to the arbitration court," said Dariusz Sobczyński, Agrofert's representative in Poland. If the Czech entity wins this case, it will demand additional compensation of EUR350 million on top of the EUR77 million that it is already owed. PKN Orlen, however, appears to have a few tricks left up its sleeve. "We have received the document and we will reply to it. We would like to stress that further steps will be clear to the public once Agrofert agrees to reveal the full contents of the contract," said Dawid Piekarz, a spokesman for PKN Orlen. (Puls Biznesu, pp. 1, 9) M.M.