The Czech Press Agency reports that the Cabinet will today discuss a proposal of the Ministry of Finance to sell the state’s 81.61% stake in Spolana to Unipetrol for CZK 569 mil. before Unipetrol is privatized. The selling price is neutral for Unipetrol stock, though Cabinet’s approval of the deal would be positive since the planned pre-privatization acquisition of Spolana was perceived by some investors as a possible obstacle to the privatization process.
(Jiri Soustruznik)