Poland's PKN Orlen gets controlling stake in major Lithuanian refinery

15.12.2006
Poland’s PKN Orlen has acquired a controlling stake in the Lithuanian-based Mazaikiu Nafta oil complex.

The 53.7% stake in the Mazeikiu oil 15.12.2006
complex, bought yesterday from Yukos international, cost Orlen 1 billion 125 million Euro, which made it the biggest ever manual block trade in the history of the Vilnius stock exchange.

In addition to that, today PKN Orlen has finalized the purchase of a further 30.66% share from the Lithuanian government. Both transactions boosted PKN Orlen's holding in the refinery to nearly 85%. The take-over of the Mazaikiai complex is Poland’s biggest foreign investment.
source:polskieradio.pl,