Poland's Orlen plans to inject 5.1 billion zlotys into utility unit Energa

Core Viewpoint - Poland's state-controlled refiner Orlen plans to inject 5.1 billion zlotys ($1.43 billion) into its utility unit Energa through a rights issue, which is part of its energy transition strategy [1][2]. Group 1: Capital Injection Details - The capital increase will be executed at an issue price of 18.50 zlotys per share, with Orlen subscribing to the new stock [3]. - The purpose of the capital injection is to restructure Energa's balance sheet and fund its development [3]. - Orlen currently holds a 92% stake in Energa and will propose this move at an extraordinary general meeting [3].