There is a bigger interview with the CEO of PKN Orlen in business daily newspaper Parkiet today. Mr. Chalupec stressed that despite bids there are no negotiations to sell Orlen Deutschland and there are no plans to start them. Moreover, PKN plans to close the transaction of acquisition of additional 31 gas stations by the end of the year.
Mr Chalupec also expressed that Orlen has no plans to delist Unipetrol or list it in Warsaw, adding that Uniptetrol and Benzina are expected to present their new retail strategy on October 25.
Our view: We consider the news as slightly negative. Market expects PKN to make a decision on economic considerations and would welcome if PKN considers the disposal – especially in case of some valid bids.