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Klesch Group Evaluates Complex PCK Schwedt Asset

Klesch Group chairman Gary Klesch says the firm evaluated the PCK Schwedt refinery but found the legal situation complex. The asset remains under German control.

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The investment firm Klesch Group has expressed significant caution regarding the potential acquisition of the PCK Schwedt refinery in Germany, citing a highly intricate legal landscape. Chairman A. Gary Klesch indicated that while the firm has evaluated the asset, the current geopolitical environment and ownership structure present substantial hurdles.

An aerial perspective of the oil processing units at the PCK refinery located in Schwedt, Germany, captured in October 2022. REUTERS/Annegret Hilse/File Photo
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