Orlen under legal attack from Agrofert over Unipetrol

"We are demanding EUR 77 million from the Polish company due to the fact that they have not fulfilled the contractual obligations concerning the sale of some assets in Unipetrol," said Jan Kadanik, Strategy and Development Director of Agrofert. The Czech holding envisages that it will file another complaint against Orlen to the arbitration court in H1 2006. This concerns a compensation claim for lost benefits, which have been estimated to amount as much as EUR 350 million. "This sum is not exaggerated. We can still discuss with Orlen once a proposal is made," said Kadanik. "Contracts with Agrofert were carried out with respect to Polish and Czech law. We see no reasons why PKN Orlen should pay the fine," said Dawid Piekarz, spokesman of Orlen. (Puls Biznesu, pp. 1, 4) M.M.