Published by Global Banking & Finance Review®
Posted on February 26, 2026
1 min readLast updated: April 2, 2026
Add as preferred source on GoogleOrlen will inject PLN 5.11bn into Energa via a rights issue priced at 18.50 per share. The move aims to repair the utility’s balance sheet and fund growth; Orlen, already holding 92%, will subscribe and seeks EGM approval.
GDANSK, Poland, Feb 26 (Reuters) - Polish state-controlled refiner Orlen plans to inject 5.11 billion zlotys ($1.43 billion) into its utility unit Energa 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)
Orlen plans a PLN 5.11bn rights issue for its utility unit Energa, priced at 18.50 zlotys per share, to strengthen the balance sheet and fund development.
Through a rights issue with pre-emptive rights at 18.50 zlotys per share. Orlen has declared it will subscribe to the new shares.
To restructure Energa’s balance sheet, restore leverage to market levels, and finance growth projects aligned with Orlen’s energy transition strategy.
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