Orlen-Rotch place new offer for Gdansk Refinery

Oil giant PKN Orlen and Britain's Rotch Energy have placed a revised offer w ith Nafta Polska for 75% of the Gdansk Refinery (RG). Orlen refuses to give details of its offer, but according to sources the value of the transaction should amount to about $274 million. "Orlen should have no financial problem s finalizing the transaction and this might be achieved through a loan or sa le of its stake in [Plus GSM owner] Polkomtel," said an analyst. A growing n umber of observers believe that PKN will finally take control of RG. In rela ted news, analysts believe Orlen's purchase of 494 German petrol stations fr om Britain's BP for euro 140 million to be a positive development. "I think it should pay off in seven years," said deputy president of PKN Jacek Strzel ecki.(Puls Biznesu, pp. 1, 5) M.M.