Unipetrol - NPF and PKN Orlen signed privatization contracts

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Investiční bankovnictví KB

      NPF and Polish company PKN Orlen signed privatization contracts on Friday. PKN Orlen should pay 10% of purchase price of CZK 13.05bn in 15 days. The remaining part is payable, when the transaction gets approval from the European commission, probably by the end of September. Vice-chairman of the NPF Pavel Kuta said the purchase price could change depending on IOC decides to exercise its option to buyout Unipetrol from Ceska Rafinerska.

       The final purchase price is the biggest risk for the minority shareholders, as it is one of the determinants for obligatory buyout. The news could lead to some profit-taking.

      Tyto zprávy pro vás vytváří Investiční bankovnictví KB.