Orlen a possible target for hostile takeover?
The fall in the share price puts the corporation at risk of a hostile takeover. If a group of companies raised US$1.05 billion, it could purchase 28 percent of shares, which would be the same stake as currently held by the state treasury together with Nafta Polska (NP).
Representatives of NP claim that all transactions made on Orlen shares are watched and analyzed closely and nothing indicates that any company is interested in acquiring a significant stake in the company.
However, it is also important to mention that PKN Orlen is on the list of strategic state corporations, and the interests of the state treasury are secured as part of Orlen's statute.
Source: Rzeczpospolita (A.K.)
Representatives of NP claim that all transactions made on Orlen shares are watched and analyzed closely and nothing indicates that any company is interested in acquiring a significant stake in the company.
However, it is also important to mention that PKN Orlen is on the list of strategic state corporations, and the interests of the state treasury are secured as part of Orlen's statute.
Source: Rzeczpospolita (A.K.)
