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. 

In the short term, the market will react negatively to PKN Orlen plans to acquire Energa, and the scale of Orlen's decline will depend, among others from the company's position towards the construction of the Ostrołęka C power plant, said Kamil Kliszcz, the director of stock analysis department in mBank.

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