According to CTK, Unipetrol has received request to pay Deza from Agrofert Holding fine related to dispute over option contract. It should have secured Deza 50% stake in Agrchemie and 37.4% stake in Aliachem. As Unipetrol does not consider contracts as valid, it will legally request the court to cancel the fine.
Separately, because of floods Spolana’s production has been closed since March 30 and thus company has been loosing CZK 3.5m a day. Gradual production revival is expected by the end of this week. We believe both news should be neutral or only slightly negative for today’s trading with Unipetrol.