Jacek Krawiec, president of PKN Orlen, announced new investments and the possibility of further acquisitions, among others, has not ruled out purchase of new filling stations in Germany.
With regard to the issue of a possible purchase of new filling stations in Germany, vice president of PKN Orlen, did not rule out this type of acquisition. Also reminded that the Plock company in 2010. Bought at the local market, 56 stations from the Austrian OMV.
– Germany is one of the markets where we do not exclude potential acquisitions. These are not big maybe the network. () If any network will be available for sale on the German market, it does not rule out that this acquisition will analyze – Jędrzejczyk said. He added: We are at this stage very pleased with what is happening on the German market when it comes to Orlen Deutschland. The results are very good. We are increasing our share of the organic market.
The Vice President of the company, has stipulated that now would not want to declare a final, target what the company would like to achieve in the retail and service stations in Germany. It will depend on the acquisition opportunities as they arise – he noted.
Orlen Deutschland is created in 2003. Subsidiary of PKN Orlen by prior purchase by company Plock 494 petrol stations from BP, Aral and Eggert, which then meant share of approx. 3-4 percent. in the German market for this segment. Currently, in Germany there are over 550 filling stations, mostly under the Star brand.
Speaking of assets in Canada, where the company Plock has two mining entities Orlen Upstream Canada – previously TriOil Birchill Resources and Exploration, Jędrzejczyk reported that capital expenditures in the first quarter. 2015. there were a total of 45 million zł.
– The price of oil will determine how much you’ll want to get involved in additional work in Canada when it comes to drilling – he added. He admitted that the amount of effort founded in 2015. Upstream segment, including in Poland and Canada – in the amount of 600 million zł can be rationalized.
President of PKN Orlen Jacek Krawiec, when asked about possible acquisitions of other companies, including outside Canada, said that the company will analyze the situation in this field globally. We look at the global market, not only in Canada. Also to other markets and who has closely observed, what to sell, what assets – Krawiec said.
– Market Canada, Alberta, we have a fairly well analyzed. But we are interested more broadly in North America, goin well as shopping in the United States, should they have interesting offers – Jędrzejczyk said.
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