Antimonopoly Office should decide on privatization of Unipetrol by the end of August

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Investiční bankovnictví KB

      The Czech Antimonopoly Office said on Friday that it hope to make a decision on the privatization of Unipetrol by the end of August. The Antimonopoly Office approval of the takeover of Unipetrol by a privately held Agrofert is the only remaining obstacle before the sale could proceed. However, the Office’s decision was delayed by several months, because Agrofert was reluctant to provide the Office additional information. The new government also step in the process by giving Agrofert 30 September as a deadline to clearly state, whether it is willing to buy the company under the terms approved by the government.

      

       The decision to sell the government stake to a less transparent Agrofert caused a massive sell-off of Unipetrol’s shares. If the sale would be canceled it would be, in our opinion, strong positive impulse for the company’s shares that should regain ground.

      

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.