Resignation of Orlen's president: The management board of Energa SA, the majority of whose shares are owned by Orlen, announced that Ireneusz Fąfara submitted a declaration of resignation from membership in the company's supervisory board and from the position of its chairman. The decision entered into force on January 6, 2025. As indicated, President Orlen he did not provide a reason for his resignation.
What does the Energa group do? “The Energa Group is one of the four largest domestic energy companies and one of the three largest electricity suppliers in Poland,” the company wrote. Her duties include generation, distribution, trade in electricity and heat, and trade in gas. Therefore, it supplies and sells electricity to a total of over 3.3 million customers and has power lines with a length of over 198,000 km. km.
Orlen took over Energa: In April 2020, PKN Orlen acquired 80 percent. Energa Group shares after a four-month process of finalizing the purchase. “At this time PKN Orlen has met all conditions precedent necessary to complete the takeover transaction of the Energa Group, including reaching the threshold of 66%. shares covered by the tender offer. Ultimately, their price was set at PLN 8.35 per share,” Orlen said.
More information on a similar topic can be found in the article: “The president provided the residents with a city gas station. Now he boasts about the results. Prices 30 cents down“.
Sources: Energa SA, Energa SA 2, Orlen