The government should discuss the Unipetrol privatization tender outcome today. PKN Orlen is expected to be approved as the tender winner and Unipetrol's new owner, given that: (i) PKN's bid (CZK 13.05bn) is in line with the internal appraisal from the privatization advisor McKinsey (CZK 11.1-15.4bn) and (ii) the government is in need of additional budget revenues.
Note the PSE suspended trading in Unipetrol shares today.
Jan Hájek, Patria Finance