WARSAW—Shareholders of Polish refiner PKN Orlen on Sept. 28 approved the takeover of gas company PGNiG, bringing the oil firm closer to becoming what the government says will be a national energy champion able to compete with global players.
Shareholders owning at least two-thirds of Orlen shares had to back the merger terms to approve it. It received 81.9% of votes in favor, results of the vote showed. PGNiG shareholders are due to vote on the merger next month.
Recommended Reading
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.