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Orlen bids for Azoty unit

21:34

Orlen bids for Azoty unit
Source: Adobe Stock

Orlen has submitted a non-binding offer worth PLN 1.022 billion to acquire all shares in Grupa Azoty Polyolefins (GAP), according to a company statement. Orlen already holds a 17.3% stake in the subsidiary.

The proposal includes purchasing all GAP shares and assets on a cash-free, debt-free basis, while providing…

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