The Cabinet decided yesterday to sell Spolana, a plastics producer, to Unipetrol prior to Unipetrol’s privatization. The sale must be approved by the Anti-Monopoly Office must before it can proceed. If disapproved, Spolana will be offered for privatization together with Unipetrol. If approved, Spolana will be financially restructured before the sale; the selling price is not known yet, and we do not expect much response from the stock in any event.
(Jiří Soustružník)