Street Calls of the Week
Investing.com -- Orlen has submitted a non-binding offer to acquire Grupa Azoty Polyolefins, a company in which it already holds a 17.3% stake.
The two companies had previously indicated they were exploring potential cooperation opportunities before this formal offer was made.
The proposed transaction is valued at approximately 2.9% of Orlen’s estimated 2026 capital expenditure, making it a relatively small financial commitment for the company.
Industry analysts suggest Orlen’s interest may be partly driven by the logistics assets included in the deal, particularly the offshore gas terminal facilities.
The acquisition would come with challenges, as the Polimery Police plant owned by Grupa Azoty Polyolefins has struggled operationally since its completion. The facility is currently running at approximately 50% capacity.
This potential purchase occurs against a difficult market backdrop for petrochemicals, with profitability expected to remain under pressure, especially in the polypropylene segment.
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