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Wednesday, May 29, 2024

PKN Orlen begins negotiations on the acquisition of Grupa Azoty Puławy

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PKN Orlen begins negotiations on the acquisition of Grupa Azoty Puławy, Grupa Azoty announced in a press release.

“The Management Board of Grupa Azoty informs that after expressing interest by PKN ORLEN, on June 6th 2023, a document on confidentiality and information sharing was signed between the issuer, PKN ORLEN and Grupa Azoty Zakłady Azotowe “Puławy” SA (“GA Puławy” ) in connection with the intention to start talks regarding a potential acquisition by PKN ORLEN of GA Puławy, preceded by a due diligence study.

“The signed document regulates the rules of providing information as part of the GA Puławy due diligence process. It does not constitute an obligation of either party to carry out the transaction” – added.

More info coming soon.

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Main photo source: tvn24.pl



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