Money Buzz! Europa

Tag: PKN Orlen

  • Orlen’s service station chain in Slovakia has doubled in 2020

    Orlen’s service station chain in Slovakia has doubled in 2020

    With two new sites under the Benzina Orlen brand opened recently, Polish group has 20 sites in Slovakia.

    Even more, customers can use Stop Cafe offering at 13 locations. Another 7 stations will be upgraded to the Orlen’s standards in 2021.

    Food and store services are the fastest growing sales segment at the Benzina Orlen stations, its volumes in the Czech Republic having increased by 320% over the past eight years.

    It also enjoys considerable interest from Slovak customers.

    As in the Czech Republic, the chain’s offering in Slovakia includes Polish products, such as beverages, snacks, automotive oils and fluids.

    Currently, motorists in Slovakia can use Orlen stations located in the urban areas of Malacky, Holice, Lužianky, Šelpice, Šurany, Strečno, Tesárske Mlyňany, Senec, Ružomberok, Byteč, Dunajská Streda, Trebatice near Piešťany and Kysucké Nové Mesto.

  • PKN Orlen set to acquire a 65% stake in Ruch

    PKN Orlen set to acquire a 65% stake in Ruch

    ​PKN Orlen is set to acquire a 65% stake in Ruch and become the company’s majority shareholder, responsible for its development.

    The parties to the transaction have agreed on the terms and conditions of the deal in an investment agreement. PKN Orlen has also obtained clearance from the Office of Competition and Consumer Protection (UOKiK) to go ahead with the transaction.

    Alior Bank agreed to cancel Ruch’s debt of PLN 87.5m

    Under the investment agreement, PKN Orlen is to become the majority shareholder of Ruch, holding a 65% stake, with PZU, PZU Życie and Alior Bank as the other shareholders.

    Also, Alior Bank has agreed to cancel Ruch’s debt of PLN 87.5m. The transaction is contingent upon a final court decision confirming that the arrangements between Ruch and its creditors have been implemented as part of two accelerated arrangement procedures.

    PKN Orlen to open retail and food outlets in locations other than service stations

    In line with its strategy, PKN Orlen plans to open retail and food outlets in locations other than service stations, to serve as a platform for generating synergies with Ruch.

    Market research conducted by PKN Orlen has shown potential for rolling out its format in non-service-station locations using RUCH’s assets.