Three companies express interest in Porta Petrol's zl.100 million share issue

Fuel storage and distribution company Porta Petrol has announced plans to increase its capital by issuing additional shares worth zl.100 million. Among the potential investors in the Swinoujscie-based company is IMV Logistik. The German company opened its first fuel storage facility in Poland earlier this month, part of an expansion strategy in the country. "Although we do not exclude the construction of our own sea terminal in Szczecin, it wouldn't begin operating for three years. By obtaining these shares we will gain more time," said Marek Ston, head of IVG Terminal Silesia, a subsidiary of IVG Logistik. Two other companies that have expressed an interest in the Porta Petrol share issue are PKN Orlen and Gdansk-based Centromor. Obtaining the shares would give PKN Orlen control over fuel imports, allowing it to supply its gas station network in Northwest Poland at a lower cost. Porta Petrol's current capital is zl.54 million. According to its development plans, the company will be capable of supplying up to 2 million tons of fuel annually. (Puls Biznesu, p. 4) A.K.