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2006 December 14   15:02

PKN Orlen acquires 53.7% of Mazeikiu nafta's shares for $1.49 billion

Direct sale-and-purchase deal has been registered today at Vilnius Stock Exchange: Polish concern PKN Orlen has acquired 53.7% of Lithuania’s Mazeikiu nafta, RZD-Partner reports. On Friday, PKN Orlen plans to acquire 30.66% of Mazeikiu nafta's shares owned by Lithuanian government. The value of 53.7% of share is said to make $1.491 billion (LTL 3.883 billion). The intermediate party of the deal was SEB Vilniaus bankas.  That was the largest deal ever registered at Vilnius Stock Exchange.

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