The Czech Press Agency reports today that the Cabinet approved the sale of its 81.6% stake in Spolana to Unipetrol for CZK 569 mil. Notably, the approved contract commits Unipetrol to investing CZK 3 bil. into Spolana to update production facilities. Negative.
The Czech Press Agency also reports that Agrofert has offers from MOL to join a MOL/TVK/OMV consortium (toward Unipetrol privatization) and from Rotch Energy to form a privatization consortium. Neutral.
(Jiri Soustruznik)