Privatization of Unipetrol could be complicated by loan to Benzina

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Investiční bankovnictví KB

      Privatization of Unipetrol could be according to weekly Euro complicated by unsolved problems with receivables after companies of holding Unipetrol with total amount of CZK 4.6bn. The hottest is syndicated loan to Benzina of CZK 1.14bn. The Czech Consolidation Agency reportedly holds and option to buy the loan, which expires on 14 November. Otherwise, collateral in form of 140 filling stations could be auctioned. It could complicate privatization of Unipetrol. On 6 November, an advertisement asking investors to show a preliminary interest should be published.

       The potential loss of market position of Benzina would have negative impact on the privatization revenue. It could lead to negative reaction of the investors, as Unipetrol is pure privatization story driven by expectations of privatization and subsequent buyout at favorable price.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.