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
A record 131 economies around the globe reformed business regulation in 2008/09, according to the IFC–World Bank Doing Business 2010 report.
more »
The World Bank’s Board of Directors today approved a US$5 million grant to improve the quality of electricity services in Haiti and strengthen the financial and operational performance of Electricité d’Haïti, the public electricity utility.
more »
Firuza Ziyoeva, a 42-year old mother of five, lacks any sustainable income for her family – her husband is unable to work due to disabilities and their children are all young.
more »
The Managing Director of the International Monetary Fund (IMF), Mr. Dominique Strauss-Kahn, made the following statement today regarding Singapore’s commitment to increase fourfold its contribution to the Fund’s New Arrangements to Borrow (NAB) by US$1.5 billion, to a total of US$2 billion.
more »
Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in I half-year 2009 made LTL 19 billion, while imports – LTL 21.2 billion.
more »
Since 7 September 2009 AB Bank SNORAS for residents and economy subjects begins to distribute a new savings product - certificates of deposits.
more »
“We are 53 diverse countries differently affected by the crisis, 1 billion people that cannot be ignored”. That was the stark message to Members of Parliament's Development Committee from Donald Kaberuka, the head of Africa's Development Bank at a hearing on 3 September in Brussels.
more »
The European Investment Bank has granted a EUR 450 million loan to AENA (Aeropuertos Españoles y Navegación Aérea) for upgrading and expanding Spain’s air traffic control facilities in order to optimise their overall efficiency and ensure that they comply with international regulations.
more »
Statistics Lithuania informs that in August 2009, against July, prices for total industrial production sold increased by 0.9 per cent.
more »
Despite signs the near two-year U.S. recession may be over - Americans are still finding it hard to get a job.
more »