PKN is holding a conference call for analysts on its future strategy in Unipetrol today at 11:00am CET. The dial-in No. is: +44 207 1620125.
According to PKN’s CEO, Igor Chalupec, the final price PKN will pay the state for the 63% Unipetrol stake will be known by mid-October. Note that the final audit may change the price in the range of -25 to 15% from the previous CZK 99/share.
Separately, as expected at yesterday’s Unipetrol EGM, seven new members were elected to the supervisory board from PKN. CEO Igor Chalupec was elected chairman of the supervisory board. Chalupec said PKN is preparing the mandatory minority buyout, which will be called by July 25, and repeated that at the moment PKN has no intention of de-listing Unipetrol. We remind that Unipetrol is on Patria’s Watch list.