Unipetrol raised flood damage estimates, asked government for a help

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Investiční bankovnictví KB

      Unipetrol raised its flood damage estimates in Spolana Neratovice to CZK 1.05bn. This amount includes just recovery of operations in the factory and does not include investments into stricter security measures. Approximately CZK 300m should Spolana receive from its insurance policies. Unipetrol initiated negotiations with the government about some sort of government support.

      

       The production shortfall in Spolana will have negative impact on the whole group, which is highly linked. This should also have negative impact on the ongoing negotiations on the company’s privatization.

      

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.