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Greenberg Traurig Advised Orlen Upstream in the Acquisition of NASDAQ Listed FX Energy

WARSAW – Oct. 15, 2015 – Greenberg Traurig represented Orlen Upstream in connection with entering into an agreement which commences the process of the acquisition of NASDAQ listed FX Energy. Under the Agreement, ORLEN Upstream, through an SPV, will acquire 100 percent of FX Energy shares.

The total value of the Transaction, which includes FX Energy’s net debt, according to the Current Report of PKN Orlen S.A. dated Oct. 13, 2015, will amount to USD 119 million.

In Poland, the Transaction was led by Partners: Lejb Fogelman and Rafał Baranowski.

Additionally, the Warsaw office team included: prof. dr hab. Adam Opalski, dr hab. Małgorzata Bednarek, Filip Kijowski, dr Antoni Bolecki, Łukasz Gorek, Anna Cienkus, Mateusz Koronkiewicz, Małgorzata Paśnik, and Mateusz Śliżewski.

In the United States, the Transaction was led by Partners: Dennis J. Block and Nicole A. Perez from the New York office and Stacey T. Kern from the Chicago office, as well as William Garner from the Houston office. From the Amsterdam office, Partner Jan Kees Brandse, along with Eva Herde, were responsible for legal advice with respect to Dutch law.

FX Energy based in Salt Lake City, Utah, is a company engaged in the exploration, development and production of petroleum and natural gas with its main assets in Poland.