PKN Orlen of Poland will team up with ConocoPhillips in the privatization of the state's 63% stake in Unipetrol (IOC, the consortium of Agip, Shell, and Conoco, owns a 49% stake in Ceska rafinerska; 51% is owned by Unipetrol), Bloomberg reported yesterday. The companies reportedly signed an agreement including the future division of shareholding in Unipetrol and its subsidiaries. Note that PKN originally intended to ally with the Czech-based Agrofert.
Jitka Oppitzová