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Poland's ORLEN has signed the agreement with Lekkerland Deutschland

February 13/2012

(orlen) -- Poland's PKN ORLEN signed an agreement with Lekkerland Deutschland GmbH & Co. KG, Europaallee 57, 50226 Frechen, Germany (“Lekkerland Deutschland”). On the base of the agreement Lekkerland Deutschland will be delivering to gas stations of ORLEN Deutschland goods and services from the non-fuel categories in the period of 1 February 2012 until 31 January 2015.

Estimated net value of the agreement in the whole contractual period amounts to EUR 657 million, i.e. PLN 2 747 m based on EUR/PLN average exchange rate as of 7 February 2012, stated by the National Bank of Poland.

In accordance with the “Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information to be published by issuers of securities and on the conditions under which such information may be recognized as being equivalent to information required by the regulations of law of a state which is not a member state” the abovementioned agreement constitutes a “significant agreement” due to the fact that its value exceeds 10% of PKN ORLEN’s equity.

Author:Anna Larionova
Category:General News
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