Log in
Log in
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
Sign up
Or log in with
GoogleGoogle
Twitter Twitter
Facebook Facebook
Apple Apple     
News
All NewsCompaniesIndexesCurrency / ForexCommoditiesCryptocurrenciesETFInterest RatesEconomyThemesSectors 

Poland's PZU buys 14.2 million shares in PKN Orlen from state treasury

09/29/2022 | 12:48pm EST
FILE PHOTO: The logo of PKN Orlen, Poland's top oil refiner, pictured at a petrol station in Warsaw

GDANSK (Reuters) -Polish insurer PZU has signed a deal to buy 14,161,080 shares in Polish energy firm PKN Orlen from Poland's state treasury, PZU said on Thursday.

The insurer said it would buy the shares, representing a 2% stake at Orlen's Thursday closing price.

Orlen closed at 53.40 zlotys ($10.78) per share on Thursday, which puts the deal value at 756,2 million zlotys ($1.53 billion).

On Monday, the Polish government cleared the terms of Orlen's planned takeover of Polish gas firm PGNiG and said it would sell 2% of Orlen shares, as part of the merger.

($1 = 4.9554 zlotys)

(Reporting by Maria Gieldon and Karol Badohal; editing by David Evans)


ę Reuters 2022
Latest news "Economy"
05:59p'A better chapter': 18-year-old man elected mayor of Arkansas town
RE
05:56pEx-Theranos president Balwani sentenced to nearly 13 years for fraud
RE
05:54pBlackstone CEO says financially distressed investors driving REIT redemptions
RE
05:47pAnalysis-Peru markets take in political drama as investors focus on fundamentals
RE
05:47pPutin: Russia may be fighting in Ukraine for 'long' time
RE
05:43pColombia awards infrastructure project worth $674.5 million to Spain's Sacyr
RE
05:42pConsumer Cos Down as Holiday Shopping Optimism Fades -- Consumer Roundup
DJ
05:41pZelenskiy named Time's 2022 'Person of the Year'
RE
05:38pChevron raises 2023 project spending budget to $17 bln
RE
05:37pThe WSJ Dollar Index Falls 0.36% to 98.03 -- Data Talk
DJ
Latest news "Economy"