Seta asks Orlen to cut it a slice of Unipetrol action

By April 23, PKN must finalize its consortium agreement with Agrofert and ConocoPhilips in order to jointly bid for a 63% stake in the Czech giant. If the talks fail, then Orlen might consider Seta as a potential partner. On February 18, Seta, among others, made its proposal to assist Orlen restructure the debts of Unipetrol's subsidiaries, as well as the take over of control of the Czech group's members. Seta nominated its president and Jacek Spyra, a man allegedly having links to the Polish secret service, to carry out negotiations. Orlen claims that it would only begin negotiations with Seta if others fail, although according to Parkiet they are already under way. (Parkiet, p. 1) M.M.