KazMunaiGas still negotiates on taking part in privatization of Unipetrol

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Investiční bankovnictví KB

      Kazakh company KazMunaiGas announced that it is still negotiating with companies short-listed in privatization of Unipetrol on forming a consortium. However, the company has not reached any agreement yet. The short-listed companies include Royal Dutch/Shell, PKN Orlen and MOL. KazMunaiGas did not rule out that it would negotiate with winner of the privatization tender to enter Unipetrol or purchase its part if it does not succeed. It could be interested in refinery business.

       The interest of KazMunaiGaz appears strong based on the company’s statements. Nevertheless, the government did not allow the company to conduct due diligence in Unipetrol reportedly due to “strategic interests” of the Czech Republic. If the government remains consistent with its previous opinion, participation of KazMunaiGas in any consortium should in our opinion reduce its chances to win the privatization tender.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.