Privatization tender for Unipetrol should be launched this year

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Investiční bankovnictví KB

      Minister of Industry Jiri Rusnok said in an interview with daily Pravo some details about privatization of Unipetrol. Ministries of Finance and Industry prepared proposal of privatization of Unipetrol, which should be discussed in the government until the end of November. Privatization tender should be launched already this year. Minister of Industry said the privatization conditions should not be as strict as in the previous tender and should be specified after discussion with advisor. E.g. asset disposals in case of restructuring should be allowed. Preliminary interest in Unipetrol expressed OMV, MOL, PKN Orlen, Rotch Energy and most likely Russian companies that could take part in the tender separately or as a member of a consortium.

       The government has learnt from its mistakes in the previous privatization tender, where too strict conditions weighted on the sale of Unipetrol. Approach of the current government is more pro-investor oriented, which should be awarded with interesting privatization revenue. Otherwise, the interview did not bring any surprising information.

      

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.