Orlen obtained consent for the compulsory buyout of Energa shares at a price of PLN 27.60 per share

The management board and supervisory board of Orlen gave consent to the compulsory buyout.

"The price for one Energa share under the compulsory buyout will be PLN 27.60 and is consistent with the fair value determined by the audit company," Orlen wrote in the announcement.

Orlen currently has 95.23 percent. Energa shares, which gives 96.06 percent. votes at the General Meeting. The compulsory buyout will be carried out for shares held by all other shareholders.

Orlen and its subsidiaries are a multi-energy concern that has refineries in Poland, the Czech Republic and Lithuania and a network of gas stations, including in Germany, Slovakia, Hungary and Austria.

It also develops the crude oil and natural gas, petrochemical, and energy segments, including those from renewable energy sources. It also plans to develop nuclear energy based on modular SMR reactors.