Orlen to pay extra dividend from sales

Poland's oil refiner PKN Orlen plans to offload Anwil, a producer of polyvinyl chloride and fertilizers, a move that could give the company extra profit and its shareholders a payout. Sławomir Jędrzejczyk, Orlen's chief financial officer also said it plans to sell a stake in mobile phone operator Polkmtel, due to a long-running dispute between the operator's shareholders.

"From the sale of Polkomtel and Anwil, we will definitely get some extra profit because they are booked at historical prices," he told reporters at the economic forum in Krynica. "Some of that profit could be paid to shareholders as an extra dividend."

However, Jędrzejczyk did not specify when that dividend could be paid out. (AO)

Source: Reuters