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Economy

Good news for Orlin. He has a higher rating

Good news for Orlin.  He has a higher rating

As stated, credit file PKN Orlen You will benefit from broader and stronger business diversification and expansion in the utility sector with more stable cash flows.

In August, rating agency Moody’s Investors Service upgraded PKN Orlen’s rating from Baa2 to Baa1.

This is the highest level in Orlen’s history – Then report the concern.

Orlen is getting stronger

At the beginning of November, the merger between Orlen and PGNiG was completed.

The merger was carried out in accordance with the Commercial Companies Act, by transferring all assets of PGNiG, including all rights and obligations – the assets and liabilities of this entity, to the acquiring company – PKN Orlen, with an increase in the company’s share capital by issuing shares of the merger to shareholders of PGNiG.

The rest of the article is below the video

See also: Orlen fuses with PGNiG. “Demand for fuel will drop by 40%. Oil companies have to build their strategy anew”

because of the merger The share capital of PKN Orlen has been increased from PLN 783.1 million to approximately PLN 1.5 billion. After recording the capital increase, the number of shares for all issues reached 1,160 million 942 thousand. 49 with a face value of 1.25 PLN each.

Building a multi-energy interest will ensure the safety of Poles, said Daniel Obajtek, president of PKN Orlen.

The acquisition of PGNiG is the next stage in building a multi-energy company by PKN Orlen, following the early acquisitions of Energa Group and Lotos Group.

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