Rotch to use BRE to fund purchase of Gdansk Refinery?

Rotch Energy, which together with PKN Orlen is bidding in a tender for a 75% stake of the Gdansk Refinery (RG) is reported to have found a financial partner willing to grant a loan for the purchase. "'After analyzing the offers of financial institutions, the British company is close to reaching an agreement with BRE Bank. However, the parties did not touch on the issue of financing the investment program," said a source close to RG's privatization process, adding that a letter of intent has already been signed. At the same time, BRE Bank's representatives deny the information saying that the bank is not planning a major capital engagements at the moment. (Puls Biznesu, p. 6) A.Z.