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Polski Koncern Naftowy ORLEN Spólka Akcyjna (0FMN.IL)

IOB - IOB Delayed price. Currency in PLN
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109.400.00 (0.00%)
At close: 05:34PM GMT
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  • Reuters

    Poland's PGNiG shareholders approve takeover by PKN Orlen

    Shareholders of Polish gas company PGNiG on Monday approved the company's takeover by refiner PKN Orlen, moving the oil firm closer to completing its plan to become a national energy champion able to compete with global players. Poland is seeking to create a global player to boost its energy security and shoulder the country's move away from fossil fuels while maximising opportunities in the oil, gas and electricity sectors. Shareholders owning at least two-thirds of PGNiG shares had to back the merger terms to approve it.

  • Reuters

    Shareholders of Poland's PKN Orlen approve takeover of gas firm PGNiG

    Shareholders of Polish refiner PKN Orlen on Wednesday approved the takeover of gas company PGNiG, bringing the oil firm closer to becoming what the government says will be a national energy champion able to compete with global players. Shareholders owning at least two-thirds of Orlen shares had to back the merger terms to approve it.

  • Reuters

    PKN Orlen invests in hi-tech wind turbine and inspection companies

    GDANSK (Reuters) -Poland's biggest oil refiner PKN Orlen stepped up its commitment to new technologies on Thursday, saying it had invested in a company that helps improve the efficiency of wind turbines and another that automates infrastructure inspections. The investments are in Eologix Sensor Technology and Invert Robotics Group respectively, and were made through PKN Orlen's venture capital fund Orlen VC, the company said. "In terms of the investment value, in both cases we are talking about 2-3 million euros ($2-3 million) each," Orlen VC investment director Marek Garniewski told Reuters.