Shares in PKN Orlen fell on plans to buy Energa

Shares in PKN Orlen fell by more than 10 percent on Friday after the company announced its plans to take over Energa for PLN 2.9 billion a day earlier. Energa shares rose by over 6 percent. On Friday morning the price for PKN Orlen shares was PLN 78-79 against PLN 87 at the closure on the previous day. This means a drop in the company's valuation by about PLN 3.7 billion over one night.