Number of investors rose to 12

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Investiční bankovnictví KB

      Vice-chairman of the NPF Pavel Kuta said that already 12 companies showed preliminary interest in privatization of Unipetrol. The NPF accepted six bids directly and asked for additional information mainly on financial backing in case of the other six bidders. The NPF did not disclose names of any of the bidders. PKN Orlen, MOL, KazMunaiGaz, Penta already confirmed interest in Unipetrol. Sources close to the transaction said that the remaining investors include Agip, ConocoPhilips, Yukos and TNK-BP. Privatization of Unipetrol should be completed in May 2005.

       The more bidders that higher competition with positive impact on privatization revenue. This is important for the market, which focuses solely of the selling price, which is benchmark for the expected buyout after the privatization is completed. Nevertheless, the number of investors is not final, as the tender is opened for preliminary bids until 12 January. Moreover, we expect the investors to form consortia. Currently, MOL and PKN Orlen, which already cooperates with Czech Agrofert, is discussing possible tie-up.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.