The deadline for the Agreement signed on January 16 this year between Orlen S.A. and Grupa Azoty S.A., Grupa Azoty Police S.A., and Grupa Azoty Polyolefins S.A. has been extended until May 12, 2025. This means Grupa Azoty and Orlen are continuing their cooperation to determine the terms and conditions for the potential transaction involving Orlen Group’s acquisition of all or part of Grupa Azoty Polyolefins shares held by Grupa Azoty, or exploring other forms of investment.
The Agreement refers to the Cooperation and Stabilization Agreement between Key Stakeholders signed on December 19, 2024, by companies of Grupa Azoty, Orlen S.A., Hyundai Engineering Co., LTD., and the Korean Overseas Infrastructure & Urban Development Corporation. On March 31, 2025, this agreement was also extended until May 12, 2025.