​The Extraordinary General Meeting of Shareholders of the Trzebinia Refinery and the Jedlicze Petroleum Refinery made a decision to merge both companies. At the same time, the Trzebinia Refinery was merged with two of its subsidiaries – the Naftowax Parrafin Factory and the Company Fire Service. The entity will operate under the name ORLEN Południe.

The mergers will be performed under art 492 § 1 pt. 1 of the Code of Commercial Companies, by transferring all assets of the acquired companies to the Trzebinia Refinery and simultaneously increasing its share capital through the issue of new shares for the current and sole shareholder of the Jedlicze Petroleum Refinery – PKN ORLEN. Official registration of the merger should take place before the beginning of 2015. As a result of the current forced buyout of c.a. 0.54% of the shares of the Trzebinia Refinery, PKN ORLEN shall become the sole shareholder of the future ORLEN Południe group.

“We hope that the consolidation measures taken will allow us to use our assets in an optimal manner, particularly regarding the production installations of the merging Companies, and will generate savings in the future operation of ORLEN Południe” – said Krystian Pater, Member of the Management Board of PKN ORLEN in charge of Production.

The consolidation completed is consistent with Concern strategy assuming gradual optimization of the structure of the ORLEN Group. The Trzebinia Refinery and the Jedlicze Petroleum Refinery had been cooperating with one another as part of their ongoing activity. Since last year, they have been merged through personal union at Management Board level.