Unipetrol – Shell reportedly teamed up with KazMunaiGaz for privatization of Unipetrol

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Investiční bankovnictví KB

      According to Dow Jones Newswires, Royal Dutch/Shell teamed up for privatization of Unipetrol with Kazakh company KazMunaiGaz. Shell reportedly offered CZK 11-13bn for government’s stake. The other investors include PKN Orlen, which is reportedly willing to pay CZK 9-10bn and Hungarian MOL with bid ranging in CZK 7-9bn.

       KazMuniaGAz was originally disqualified by the Czech government citing strategic interest of the Czech Republic, although the company offered the highest price of up to CZK 16bn. Indirect participation of the Kazakh company in privatization of Unipetrol again renewed hopes of higher privatization revenues and hence buyout at favorable price. However, if the Czech government remains consistent with its previous decision, the linking of Shell with KazMuniaGaz reduce their chances in privatization.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.