Unipetrol announced yesterday evening that it will leave its data rooms open to the privatization bidders until April 9 (originally until April 2). The binding bids should be submitted by April 23; recall that the price offered will be the key deciding factor in the second round of the tender. The tender winner should be known at the beginning of May. Source: CTK. Neutral.
Recall that among the bidders are: the Polish PKN Orlen, Royal Dutch/Shell and the Hungarian MOL. PKN reportedly cooperates with the Czech-based Agrofert and ConocoPhillips (IOC, the consortium of Agip, Shell, and Conoco, owns a 49% stake in Ceska rafinerska; 51% is owned by Unipetrol). The Kazakh KazMunaiGaz (a rejected bidder in the first round) officially confirmed it had joined Royal Dutch/Shell. MOL is reportedly participating in the due diligence with the Hungarian BorsodChem.
Jan Hájek, Patria Finance