PKN Orlen has no additional requirements on purchase of Mazeikiu Nafta shares

The Polish concern PKN Orlen, owner of the oil refinery Mazeikiu Nafta, has not provided additional requirements on the purchase of the remaining shares of the company. It was confirmed by Economy Minster Dainius Kreivys after the meeting with Mazeikiu Nafta CEO Marek Mroczkowski on Thursday.

According to the minister, this meeting for him was also an acquaintance with one of the largest investors in Lithuania, reports ELTA.

"They have clearly indicated that they must buy out the holding," Kreivys stated.

Meanwhile, the Government would like to include a condition in the completion of the transaction stating that PKN Orlen would consider the Euro-Atlantic criteria of the country in case it decided to sell Mazeikiu Nafta to another investor. It is intended to hold negotiations over the condition and consider the possibility to incorporate it.

The economy minister stated that logistics of Mazeikiu Nafta and the sale of shares of Klaipeda Nafta were also discussed at the meeting. Kreivys said that the Government had not adopted decision on that yet.