Rotch Energy and Lukoil have finally placed a bid, reported at $300 million, for a 75% stake in Poland's second largest oil firm, the GdaЯsk Refinery
Published:
22 July 2002 y., Monday
Rotch Energy and Lukoil have finally placed a bid, reported at $300 million, for a 75% stake in Poland's second largest oil firm, the GdaЯsk Refinery (Rafineria GdaЯska - RG) but did so well after the July 9 deadline.
Nafta Polska, the state agency in charge of privatization of the oil sector, is now analyzing the bid but many doubts remain over the matter. According to a source quoted by Puls Biznesu, Lukoil is to take a 100% stake in the company created to buy RG and pay Rotch to withdraw from that company. However, such a change would mean that Nafta Polska would have to open a new tender for RG as, under the current terms, Rotch is supposed to have a majority stake in the consortium. Meanwhile, Rzeczpospolita points out that the delay in placing the bid could lead to a protest from rivals MOL of Hungary.
Šaltinis:
wbj.pl
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
An International Monetary Fund mission led by Mr. Paulo Drummond visited Bissau during January 12-27, 2010, to discuss the government’s medium-term economic program that could be supported by the IMF under the Extended Credit Facility.
more »
The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have agreed to support US$1.9 billion in debt relief for the Republic of Congo, which includes US$255.2 million of debt relief from the two institutions.
more »
In 2009, net external assets of Monetary Financial Institutions remained negative but increased by LTL 9.3 billion.
more »
Spain's Minister for Science and Innovation, Cristina Garmendia, supports making R&D+i at the heart of Europe as a key to economic recovery.
more »
Lithuania and Malta granted reprieve on budget deficits; Hungary and Latvia on track to meet deadlines.
more »
More responsibility for fishermen, rules favouring good fishing practice and adjusting fisheries management models to complement and improve the traditional quota system should be among the key aims of common fisheries policy reform, say MEPs in an own-initiative report approved by the Fisheries Committee on Wednesday.
more »
On January 8, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Yemen.
more »
On January 22, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Norway.
more »
Agriculture can help to slow climate change, but should be ready to adapt to the impact of global warming, said Agriculture Committee MEPs and scientists at a public hearing on Wednesday.
more »
The Ministers for Employment of the European Union are holding an informal council on Thursday 28 and Friday 29 January which will lay the foundations for drawing up the common policies in the area of employment which the European Union will adopt over the next ten years as part of the “2020 Strategy”.
more »