The SEC has asked PKN for more details regarding its buyout offer for Spolana and Paramo, Unipetrol’s subsidiaries. The SEC’s final verdict is now expected by August 31 at the latest. The SEC is still considering the buy out offer for Unipetro and CZK135/share. The first deadline will end today. Should SEC request also more information for the buy-out for Unipetrol the final deadline will more to August 31 too. Note that PKN has lost its voting rights in Unipetrol until a new buyout offer is published. A minority shareholder has called for an EGM to be held on September 6. The decisive day to participate in the EGM is August 26 under T+3 settlement.
Separately, Unipetrol’s CEO, Pavel Svarc, is reportedly leaving his position to Cepro – the main petrol domestic distributor.