PKN Orlen Chief Executive Ireneusz Fafara said on Thursday that the company remains confident the acquisition of Polimery Police, a chemicals manufacturing plant owned by Grupa Azoty, will be completed in the near term.
The announcement follows a reported legal dispute that contributed to a 5.2% decline in Grupa Azoty’s shares on the Warsaw Stock Exchange. The transaction, which would transfer ownership of the Polimery Police facility to PKN Orlen, remains subject to customary regulatory and legal approvals.
Grupa Azoty, a Polish chemicals group, had previously confirmed it was engaged in exclusive negotiations with PKN Orlen for the sale of the plant. The facility produces a range of chemical products, including polypropylene and polyethylene, and is located in Police, Poland.
Fafara’s comments suggest that despite the reported legal complications, the deal’s timeline remains intact, with Orlen expecting to finalize the acquisition once outstanding conditions are resolved.
