An inter-ministry privatization committee yesterday recommended that Unipetrol’s privatization tender should commence in October and be completed by the end of March 2004. The Cabinet will consider the recommendation.
The committee also recommended minimizing the number of restrictive tender conditions for investors (a previous and unsuccessful Unipetrol tender carried restrictions on the post-privatization sale of Unipetrol subsidiaries and assets and on alterations to the supply chain within the holding, for example).
Positive, but largely expected.
Jiří Soustružník