|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||54.56 - 54.56|
|52-week range||54.56 - 109.40|
|Beta (5Y monthly)||0.71|
|PE ratio (TTM)||1.74|
|Forward dividend & yield||3.50 (3.20%)|
|Ex-dividend date||09 Aug 2022|
|1y target est||N/A|
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.
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.
PRAGUE (Reuters) -Russian oil flows through the Druzhba pipeline to the Czech Republic should resume within two days as problems with paying transit fees should be resolved, the chairman of Czech pipeline operator MERO Jaroslav Pantucek told Czech Television on Thursday. Druzhba flows to Slovakia and Hungary restarted on Wednesday after Hungarian oil group MOL paid transit fees through Ukraine instead of Russia, and Pantucek said its customer PKN Orlen was taking the same steps on Thursday. "As oil flows today to Slovakia and Hungary, MOL as the customer took practical steps for the pipeline to operate...I am informed by our customer that it is taking identical steps today so I expect that very soon, tomorrow or the day after tomorrow oil will be flowing here as well," Pantucek said.