How will PKN Orlen finance purchase of RG?

PKN Orlen is considering raising capital to finance its takeover of Gdansk Refinery (RG) by either taking out loans, issuing new shares, or selling its mobile telecom stake. In a consortium with Rotch Energy, PKN is bidding for a 75% stake in RG, which is being sold by the Treasury. PKN discussed the options, including selling its 19.6% stake in Polkomtel during a presentation to Parliamentary deputies, but the company did not express any preference among the options. "These assets are a potential source of financing Orlen's strategic development," said chief financial officer Jacek Strzelecki. The company said that analysts valued its Polkomtel stake at $400-800 million, adding that its shares in various fixed-line telecoms could also be sold. (Reuters) A.Z.