At a press conference yesterday, PKN said it aims to raise its stake in the Unipetrol subsidiary Ceska rafinerska from the current 51% once it takes over Unipetrol. The remaining 49% is held in equal parts by Agip, ConocoPhillips and Shell. Also, PKN plans to sell Kaucuk and other fertilizer units and at the end of the year it will transfer one third of Benzina gas stations to ConocoPhillips. At the same time PKN is interested in buying the 69 Aral petrol stations in the Czech Republic. PKN also said it had not made a final decision as to whether to de-list the stock from the Prague Stock Exchange. We remind that PKN is expected to pay the remaining 90% of the purchase price on May 24 and that on that same day the stock will be transferred from the state to PKN. For the state’s 63% stake PKN offered CZK 11.75bn. Within 60 days from the settlement of the transaction PKN will have to call an obligatory buy-out offer. Note that Unipetrol is on Patria’s restricted list.