PERN to be reinforced with shares from Naftoport

The Treasury Ministry wants to maintain its influence over the Naftoport oil terminal, in which one of the shareholders is Rafineria Gdanska (RG). The ministry plans to do this by transferring the refinery's shares in Naftoport to the state owned fuel pipeline concern PERN. The oil sector privatization program, however, does not include PERN. The ministry wants to strengthen the company with shares from Naftoport. Unofficial sources say that PERN has already sent an offer to purchase shares to all of Naftoport's shareholders. However buying the shares could be difficult as PKN Orlen, which owns 48% of the terminal, is also thinking of increasing its stake. Therefore the only way for PERN to gain shares in Naftoport is to take over RG's 25.6% stake before the refinery is privatized. It is unofficially known that RG's management is against the whole concept, as losing Naftoport could decrease the privatization value of RG. (Puls Biznesu, pp. 1, 3) A.D.