X
Dear User,
On May 25, 2018, Regulation (EU) 2016/679 of the European Parliament and of the Council of April 27, 2016 (General Data Protection Regulation) came into force. We encourage you to familiarise yourself with information about the processing of personal data on the PolskieRadio.pl website.
1.The Data Administrator is Polish Radio S.A., based at 77/85 Niepodległości Ave., 00-977, Warsaw.
2.On issues regarding your data, please contact the Data Protection Officer, e-mail: iod@polskieradio.pl, tel. 22 645 34 03.
3.Personal data may be processed for marketing purposes based on consent.
4.Personal data may be shared solely for the purpose of proper implementation of services defined in the privacy policy.
5.Personal data will not be transferred outside the European Economic Area or to an international organisation.
6.Personal data will be stored for 5 years after an account is deactivated, in accordance with the law.
7.You have the right to access your personal data, correct it, to have it moved or deleted, or to limit its processing.
8.You have the right to object to further processing, and in the case of voicing consent to the processing of personal data, you have the right to withdraw your consent. The exercise of the right to withdraw consent does not affect any processing that has already taken place.
9.You have the right to lodge a complaint with the supervisory authority.
10.Polish Radio S.A. declares that no automated decisions are made when personal data is processed, and that profiling is not used.
For more information on this subject, please read our personal data and privacy policy.
I UNDERSTAND
English Section

Polish fuel giant set to take control of troubled press distributor

25.11.2020 07:45
Polish fuel giant PKN Orlen is set to take control of troubled press distributor Ruch following a go-ahead from shareholders, executives have announced.
Photo:
Photo:PAP/Darek Delmanowicz

PKN Orlen will acquire a 65-percent stake in Ruch, while insurers PZU and PZU Życie and Alior Bank will hold the rest of the shares, public broadcaster Polish Radio’s IAR news agency reported.

PKN Orlen CEO Daniel Obajtek said in a social media post that the acquisition of Ruch was "another significant transaction" for his company in line with its business diversification strategy.

"In this way, we will significantly expand our range and increase the possibilities of acquiring new customers," he added.

The deal was announced after PKN Orlen earlier this year secured clearance from the country’s antitrust authority to go ahead with the acquisition.

Poland’s Office of Competition and Consumer Protection (UOKiK) said in June it had approved the plan for PKN Orlen to take over Ruch after studies showed the acquisition “will not lead to a restriction of competition.”

Obajtek said at the time that the deal was part of his company's development strategy.

"We want to use business synergies to increase the value of both companies, expanding our range of products and customer base,” he said.

Ruch is a well-known brand in Poland, with a tradition going back more than a century.

The financially strapped company was a key player on the Polish press distribution market, but it ran into trouble after newspaper circulation declined amid a shift to online news, according to a report last year.

(gs/pk)

Source: PAP