RG rumors send a shudder down the value of PKN shares

Treasury Minister Piotr Czyżewski on Thursday said that the government had not decided whether to sell its number two oil firm Rafineria Gdańska (RG) to a consortium including PKN Orlen, or whether to create a new group around RG. PKN shares plunged on Thursday after the market was hit by news, later proven false, that an advisory body to Czyżewski had scrapped the sale of RG, over which a PKN Orlen-Rotch Energy consortium are holding exclusive talks. (Reuters: Rzeczpospolita, p. B1) J.K.