Cabinet should decide on a Unipetrol privatization advisor at its regular meeting today. An advisory tender was canceled at the beginning of May, and Cabinet may appoint HSBC as a privatization “assistant” instead. A privatization tender should be launched by the end of July (as cited by a government official). The market wants to see a clear privatization strategy, as delays and indecision have contributed to the stock’s weakness. A conclusive decision by the Cabinet could correct that.
(Jiří Soustružník)