Unipetrol on Friday formally offered its 51% stake in Ceska rafinerska (Craf) to the IOC consortium (Agip, Shell and ConocoPhillips), which holds a 49% stake in Craf. Recall that the IOC has an option to buy the 51% stake if the majority owner of Unipetrol changes. All the members have reportedly at least one month to decide on the option. The value of the 51% stake has been set by an independent expert, but has not been disclosed.
Jan Hajek