PAN bought 4.9 percent. the shares of PKN Orlen for approx. 1,5 billion roubles – Russian Radio

“the Board of Directors of the PAN, given the important role of the company in ensuring the energy security of the country, and given the stable financial position of the Group, decided to enter in the program of consolidation of assets fuel and energy (Association of capital companies from this industry is approx. ed.). This is reflected in the records of the new PAN strategy for 2016-2020, which founded the participation in the capital of the company in the consolidation of national assets fuel and energy complex, including through the acquisition of up to 5%. shares of PKN Orlen, having spent for these purposes about. 1.5 billion rubles”, – stated in the message of the Ministry of Energy.

“through this transaction, capital, PENG S. A. implements the interests of the owner in ensuring energy security in the logistics segment surowcowo-fuel,” he added.

the Resort has indicated that in the period from August 4, 2016. until 11 January 2017 PENG made a purchase of 20 million 949 thousand. 506 shares “orlena”, gaining 4.90 percent. participation in the equity of the group.

energy security

According to Deputy energy Minister Mikhail Kurtyki action of the Board of PAN for purchase of shares of PKN Orlen into the implementation of the policy on energy security of the country.

the report from June last year. provided that the Treasury had 27,52%. shares of the company.

“because PAN has become one of the shareholders its key national client, receiving about 5 percent. of votes at the General Meeting of shareholders of PKN ORLEN S. A. in order to achieve a more complete interaction with mutual business cooperation of both Companies (PAN S. A. will have greater access to information about the plans of key enterprises in the business of PKN ORLEN S. A. and the impact of their implementation), it will improve the implementation of the state strategy in the field of energy security”, – stated in the message.

the Energy Ministry stressed that, besides the strategic aspects related to the implementation of the “ambitious, approved by the owner in the latest Strategies PAN to consolidate the assets of the Polish sector of fuel and energy complex, it is important that the purchase of shares of PKN ORLEN S. A. will provide PAN S. A. income from dividends from the Company during the period of the participation capital in this company.”

the Purchase of shares of PKN Orlen increases the cost of PEN

the Purchase of shares of PKN Orlen raises so the value of the PAN. Allows the company to capital accumulation, to implement projects of the strategy.

the Resort is noted that, in deciding to buy shares checked that the financial position of the Group PAN ensures the continuation of current activities.
According to analysts, demand from the PAN could be responsible for good behavior of course “orlena” since August of last year. Post by PENG on the number of shares he holds USC may indicate that the purchase was completed – added.

the Course “orlena” dropped on Friday. h the 12 – the by 5.19 percent. approx. 82 rubles per share, following the information that PENG bought for approx 1.5 billion shares of the group from August 2016 until January of this year, and currently has 4.9 percent. all valuable. After the information about 1.4 percent. drop another fuel company Treasury, Lotus.

PAP, Lord