After Ceska rafinerska (Unipetrol’s largest subsidiary) interrupted material supplies to Chemopetrol (the No. 2 subsidiary) for two days, its CEO is likely to be removed by Unipetrol, the Czech daily MFDnes reports. Unipetrol CEO P. Svarc said that the interruption of supplies will cost Chemopetrol tens of millions of CZK. The state Anti-Monopoly Office is expected to investigate the issue.
No stock reaction is expected.
(Jiri Soustruznik)