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Polski Koncern Naftowy Orlen SA (PKN.WA)

PKN.WA on Warsaw Stock Exchange

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Latest Key Developments (Source: Significant Developments)

PKN Orlen Confirms 2018 Capex Of 4.8 Bln Zlotys - Conf. Call
Friday, 20 Jul 2018 

July 20 (Reuters) - Pkn Orlen ::AS OF NOW STILL TARGETING CAPEX OF 4.8 BILLION ZLOTYS IN 2018 - CONF CALL.WE HOPE UNIPETROL <<>> MANDATORY SQUEEZE-OUT WILL TAKE PLACE BY END-AUG., WE ASSUME THAT WE WILL HAVE 100% IN CO BY END-OCT. - CONF CALL.PLANS TO DELIST UNIPETROL - CONF CALL.  Full Article

Unipetrol says to book $71 mln insurance proceeds in Q2
Thursday, 19 Jul 2018 

July 19 (Reuters) - Unipetrol as ::UNIPETROL SAYS RECEIVED FINAL INSTALLMENT OF INSURANCE PAYMENT FOR STEAM CRACKER ACCIDENT, TO BOOK $71 MILLION PROCEEDS IN Q2 2018.UNIETROL SAYS TOTAL INSURANCE PAYMENT FOR 2015 ACCIDENT $515 MILLION.  Full Article

Unipetrol says PKN requests EGM to approve squeeze-out
Thursday, 19 Jul 2018 

July 19 (Reuters) - Unipetrol as ::UNIPETROL SAYS MAIN OWNER PKN REQUESTS EGM TO APPROVE SQUEEZE-OUT OF MINORITY HOLDERS.UNIPETROL SAYS PROPOSED SQUEEZE-OUT PRICE CZK 380 PER SHARE.  Full Article

Unipetrol launching aviation fuel production in Litvinov
Tuesday, 26 Jun 2018 

June 26 (Reuters) - Unipetrol as ::UNIPETROL SAYS INVESTS CZK 100 MILLION IN LAUNCHING AVIATION FUEL PRODUCTION IN LITVINOV.  Full Article

Unipetrol board opts against dividend proposal amid market uncertainty, costs
Monday, 28 May 2018 

May 28 (Reuters) - Unipetrol as ::UNIPETROL SAYS TO HOLD ANNUAL SHAREHOLDER MEETING ON JUNE 28.UNIPETROL SAYS MANAGEMENT PROPOSES TO PAY NO DIVIDEND.UNIPETROL SAYS BOARD DID NOT PROPOSE DIVIDEND, TAKING INTO ACCOUNT THE CURRENT MACRO CONDITIONS AS WELL AS THE POTENTIAL INTERNAL NEEDS OF INCREASED FINANCING.UNIPETROL SAYS EXPECTS MARKET UNCERTAINTY TO INCREASE, MAY TRANSLATE INTO HIGHER CRUDE PURCHASE COSTS, LOWER MARGINS.  Full Article

PKN Orlen Talks About Disposing Some Logistic Assets, 2 Firms
Friday, 11 May 2018 

May 11 (Reuters) - PKN ORLEN ::PKN ORLEN AND ITS TWO UNITS SIGN AGREEMENT REGARDING PROTECTION OF INFORMATION WITH PERN SA AND OGP GAZ-SYSTEM SA.AS PART OF A POTENTIAL TRANSACTION, THE COMPANY WOULD SELL THESE TWO UNITS, IKS SOLINO SA AND KS LUBIEN SP. Z O.O., AND PART OF ITS LOGISTIC ASSETS TO PERN SA AND OGP GAZ-SYSTEM .PKN INFORMS THAT THE MODEL OF TRANSACTION, SCHEDULE AND DETAILED TERMS ON ITS IMPLEMENTATION WILL REQUIRE DETAILED ANALYSIS WHICH WILL BE CURRENTLY WORKED ON.ACCORDING TO THE PARTIES, THE AIM OF THE TRANSACTION IS TO ESTABLISH A BUSINESS PARTNERSHIP IN THE AREA OF TRANSPORT AND STORAGE INFRASTRUCTURE AND IMPLEMENTED CAVERN PROJECTS .  Full Article

Unipetrol Q1 net profit drops sharply
Thursday, 26 Apr 2018 

April 26 (Reuters) - Unipetrol as ::UNIPETROL Q1 NET PROFIT CZK 322 MILLION, VERSUS CZK 2.83 BILLION YEAR AGO.UNIPETROL Q1 REVENUE CZK 27.17 BILLION, VERSUS CZK 29.85 BILLION YEAR AGO.UNIPETROL Q1 LIFO EBITDA CZK 1.50 BILLION, VERSUS CZK 3.62 BILLION YEAR AGO.UNIPETROL SAYS ESTIMATED VALUE OF REMAINING RECOVERABLE AMOUNT FROM STEAM CRACKER INSURANCE CLAIM IS CZK 2.5 BILLION, TOTAL AMOUNT OF COMPENSATION WILL DEPEND ON FINAL SETTLEMENT WITH INSURERS.UNIPETROL SAYS KRALUPY REFINERY TURNAROUND IS PROGRESSING ACCORDING TO PLAN, COMPLETION DATE SCHEDULED FOR MAY 9, FULL OPERATION MAY 16.UNIPETROL SAYS PE3 PROJECT APPROACHING 83 PERCENT COMPLETION, MECHANICAL COMPLETION IS EXPECTED IN DECEMBER 2018.  Full Article

Unipetrol‍​ shareholder Paulinino says too early to comment on PKN's offer
Wednesday, 13 Dec 2017 

Dec 13 (Reuters) - Unipetrol ::UNIPETROL‍​ LARGEST MINORITY SHAREHOLDER PAULININO LIMITED SAYS TOO EARLY TO COMMENT ON PKN'S OFFER TO BUY UNIPETROL'S SHARES.PAULININO, WHICH CONTROLS 20.02 PERCENT OF UNIPETROL SHARES, SAYS IT WILL ANALYSE PKN'S OFFER THOROUGHLY.  Full Article

Unipetrol to invests CZK 1.2 bln into new energy unit
Thursday, 16 Nov 2017 

Nov 16 (Reuters) - Unipetrol As :says to invest 1.2 billion crowns ($55.27 million)in a new energy unit.says signed contract with Bertsch Energy, an Austrian supplier, for construction of new boiler house in Chempark Zaluzi Litvinov.says construction will commence during first quarter of 2018, completion scheduled for 2020.says boiler house, which is producing high pressure steam and thus securing the operation of the steam cracker unit, will undergo major upgrades; its existing two boilers will be replaced with brand new ones.  Full Article

Unipetrol CFO: not yet certain when final insurance claims can be booked
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Unipetrol As :CFO says thinks nothing wrong with keeping level of cash.CFO reiterates dividend payment depends on shareholders.CFO says difficult to confirm if it can book final steam cracker insurance claims in Q4 nP7N1IV013.said earlier says estimated value of remaining recoverable amount is CZK 2.7 billion, as of Q3 .CEO reiterates can expect increase in dividend.  Full Article

CEE MARKETS-Currencies steady as dollar retreat fades

* Czech central bank sees more rate hikes - vice-governor * Hungarian central bank unlikely to change conditions, policy * PKN share price rise helps Warsaw index buck bearish Asia By Sandor Peto BUDAPEST, July 23 Central Europe's main currencies were mostly flat on Monday as the U.S. dollar's retreat sputtered, while investors looked ahead to the Hungarian central bank's (NBH) policy meeting. The dollar's rally, which has fuelled a months-long sell-off in em