Poland's Orlen plans to inject 5.1 billion zlotys into utility unit Energa

Energa S A

26/02/2026 06:40

GDANSK, Poland, Feb 26 (Reuters) - Polish state-controlled refiner Orlen PKN.WA plans to inject 5.11 billion zlotys ($1.43 billion) into its utility unit Energa ENG.WA through a rights issue, it said late on Wednesday.

The move follows Orlen's attempt late last year to buy out the remaining minority shareholders and take full ownership of the utility, which it sees as key to its energy transition strategy.

KEY DETAILS

• The capital increase will be carried out at an issue price of 18.50 zlotys per share, with Orlen subscribing to the new stock.

• Orlen says the capital injection is aimed at restructuring Energa's balance sheet and funding development.

• Orlen, which currently holds a 92% stake in Energa, will propose the move at an extraordinary general meeting.

($1 = 3.5684 zlotys)

(Reporting by Alicja Surdy, editing by Milla Nissi-Prussak)

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