Chemopetrol could potentially face similar situation from summer of 2002

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Investiční bankovnictví KB

      The transformation of Ceska Rafinerska into a cost center could be delayed by one year, as several problems emerged. E.g., disposition of by-products in oil refinery for which the shareholders would not be interested. Moreover, there is reportedly threat that Chemopetrol could face again the possibility of raw materials supply shut down. Representatives of Chemopetrol said that current agreement between Ceska Rafinerska and Chemopetrol expires by the end of the year and that the current conditions are not acceptable for them.

       If the situation from summer of this year is repeated it would have again negative effect on the group’s financial performance. Chemopetrol and Ceska Rafinerska are important companies of the group and are highly linked. Moreover, the situation could have negative effect of Unipetrol’s privatization.

      

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.