PKN
ORLEN has been presented with the prestigious Index of Success 2013
award in the mergers and acquisitions category. This year's laureates of
‘CE Top 500 Index of Success’, a ranking prepared under the auspices of
the Deloitte consultancy and the Rzeczpospolita daily, have been
selected from among Central Europe's 30 key companies by a panel of
independent experts. The awards have been presented at an official gala
ceremony at the 24th Economic Forum in Krynica.
Recognising
PKN ORLEN in the M&A category, the independent experts have
acknowledged that the Company's expansion to the Canadian market not
only has potential to diversify its sources of value growth, but may
also benefit Poland's economy. In line with PKN ORLEN's strategy for the
upstream sector, the experience gained in Canada may later be leveraged
during unconventional hydrocarbon exploration projects in Poland.
“Not
unlike a marathon, expanding into a foreign market requires a
far-sighted approach, perseverance and responsibility. PKN ORLEN has a
wealth of experience gained from foreign investment projects. These
projects, for which we have been now recognised in the Index of Success
rating, offer a real chance to create a new pillar of PKN ORLEN's
operations – own crude oil and gas production. Furthermore, we hope that
the solutions put to use in Canada will help us develop technologies
for hydrocarbon production from unconventional deposits in Poland,” said
Jacek Krawiec, President of the PKN ORLEN Management Board
The
CE Top 500 ranking has been regularly published by the Rzeczpospolita
daily and Deloitte for seven years. The Index of Success, which measures
the market success of key companies in Central Europe, has been an
integral part of the ranking since 2011. The Index reflects the general
business climate and the condition of the largest, most dynamically
growing companies. To be included in the Index, a company must meet a
number of objective conditions, which encompass such factors as revenue
and international operations.