PKN Orlen closer to acquisition of RUCH

Polish oil giant PKN Orlen will cover 65 percent of RUCH shares and will be the majority investor responsible for the company's development. The terms of the transaction have been agreed between the entities involved under the investment agreement. PKN Orlen also received the approval of UOKiK for the transaction.

“As announced, we are implementing acquisition processes that complement PKN Orlen's business activities and contribute to increasing long-term profits.