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Orlen beings to count the cost of fire in Możejki

The 53.7% block of shares owned by Jukos would cost USD 1.49 billion and the Lithuania's government's stake of 30.66% would cost USD 852 million. According to analysts, the fire that destroyed a part of a Możejki's refinery a week ago could reduce the final sum Orlen will pay. Orlen's president Igor Chałupiec said that he does not want to speculate, but he admitted that there is such a possibility. However, he assured that despite the fire they will not resign from buying the refinery. Orlen's delay in signing a contract with banks concerning the purchase is normal in such circumstances. Chałupiec said that after such an incident both he and banks need time to analyze the situation. However, the date settled for finalizing the transaction is not in danger. (Parkiet, p.1) M.M.

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