Yesterday PKN paid the remaining 90% of the price for Unipetrol and the shares were transferred from the National Property Fund to PKN, thus ending Unipetrol’s privatization. In total PKN paid CZK 13.05bn, of which CZK 11.3bn was for the 63% stake, or CZK 99/share, and CZK 1.75bn for Unipetrol’s debt at the Czech Consolidation Agency. The final price for the stake can still be changed by -25% / +15% after an audit, which will be ready in about two months. PKN now has 60 days to call a minority buyout offer. According to earlier statements PKN plans to sell 1/3 of Benzina’s petrol stations to ConocoPhillips, and Kaucuk along with other assets from Chemopetrol to Agrofert. Unipetrol has already called an EGM for June 8, where new members of the supervisory board are to be elected and an AGM for June 23. In 3Q PKN plans to present a financial plan for Unipetrol including integration and synergy effects. Please note that Unipetrol is on the Patria Restricted list.