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Petrochemicals
Kulczyk group may have broken
securities laws, SEC says
Kulczyk Holding companies may have broken Polish securities regulations by not disclosing their stake in PKN Orlen oil refinery, Securities and Exchanges Commission said on Friday. An investment vehicle controlled by Polish businessman Jan Kulczyk, Kulczyk Holding said officially it owns 5.6 percent of PKN Orlen. Meanwhile, Kulczyk himself suggested in a private discussion with Zbigniew Siemiątkowski, the head of intelligence service, his stake may be worth much more, prompting an SEC investigation that begun in October 2004.
Petrochemicals
Grupa Lotos to start trading on June 9
Shares of Grupa Lotos oil refinery will start trading on the Warsaw Stock Exchange on June 9, chief executive...
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