Application for registration of name change and amendment of articles of association of a wholly-owned PBG subsidiary
On October 29th 2012, PBG submitted an application to register the change of name of its wholly-owned subsidiary from HBP Drogi Sp. z o.o. to PBG Oil and Gas Sp. z o.o., as well as its amended articles of association. The change follows from the Company's consistent reorganisation of its core business in the oil and gas segment, being - next to the power engineering operations in the EPC (Engineering - Procurement - Construction) formula - the key area of operations necessary to continue its business. The company's focus will be participation in tender procedures and performance of orders in the oil and gas sector based on the experience and credentials gained by the PBG Group companies, as well as based on experienced staff, specialised equipment and design and production technologies.