Energa shares jump on Orlen's buyout offer for remaining stake

Energa S A

27/11/2025 08:28

** Shares in Polish utility Energa ENGP.WA jump as much as 12.4% after its majority owner, refiner Orlen PKN.WA, announced a buyout offer to take full ownership of the company

** Orlen is offering 18.87 zlotys per share for the remaining shares, which represents an 11.7% premium over Energa's last closing price

** The Polish refiner currently holds a 90.92% stake in Energa and is seeking to acquire the remaining shares from public shareholders

** Erste Group analysts Tamás Pletser and Petr Bártek say that while there could be upside pressure on the shares, they would see the price offered as reasonable, given Energa's growing indebtedness

(Reporting by Alicja Surdy)

((AlicjaEwa.Surdy2@thomsonreuters.com;))