30 November 2020 marks the date when the tender offer for a minority stake in ENERGA S.A. announced by PKN ORLEN S.A. was effectively settled. Once again, our SMM Legal corporate team has comprehensively handled all the legal matters related to the project.
The transaction was carried out following a so-called delisting offer. It was announced pursuant to Article 91(5) of the Act of 29 July 2005 on public offering, terms for the introduction of financial instruments to organised trading, and on public companies.
Once the transaction was settled, PKN ORLEN became the owner of more than 90% of the total number of shares in ENERGA S.A.
Our team was led by Prof. Maciej Mataczyński and included, among other gifted and dedicated lawyers, Mr. Tomasz Jaranowski. As part of the project, we have drafted the tender offer and the remaining documentation needed for the transaction to successfully go through.
SMM Legal lawyers supported PKN ORLEN also in the previous round of the acquisition of shares in ENERGA S.A., which accounted for more than 80% of the share capital of the company.