Chemopetrol, one of Unipetrol’s main subsidiaries, is to receive CZK 2.9 bil from the government in investment incentives related to a production capacity expansion (ethylen, polyethylen, polyprophylen). The incentives take the form of five-year income tax relief and a job creation subsidy. Positive, but unlikely to impact the stock.
(Ondřej Daťka)