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Orlen CEO Signals Imminent Closure for Polimery Police Acquisition
Orlen CEO Ireneusz Fafara has expressed confidence that an agreement to acquire the Polimery Police plant from chemicals firm Grupa Azoty will be finalized in the near future. The statement follows recent market speculation that the transaction was in jeopardy.
CEO Reassures on Deal Trajectory
Ireneusz Fafara, the Chief Executive of Polish energy group Orlen (WSE:PKN), signaled that the acquisition of the Polimery Police facility is proceeding as planned. The deal involves Orlen purchasing the major chemicals manufacturing plant from its current owner, Grupa Azoty (WSE:ATTP), a significant player in the European chemical and fertilizer market.
AdMarket Reacts to Dispute Rumors
The CEO's comments come after a period of investor uncertainty. On Thursday, shares of Grupa Azoty fell by as much as 5.2% following a report that suggested a legal dispute could threaten the finalization of the transaction. Fafara's statement appears aimed at calming these market concerns and reaffirming the company's commitment to the acquisition.
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