According to the local HN daily newspaper, Norex Petroleum of Canada has expressed interest in the government’s stake in Unipetrol. Norex has teamed up with Petro Canada and BAGS of Germany for this purpose. Norex has sought Czech petrochemical assets in the past (Paramo, where it eventually lost to Unipetrol). Unipetrol’s privatization is the least advanced of all the Czech blue-chip privatizations; the sale is not expected until 2002. Still, indication of investor interest might help Unipetrol’s stock, which otherwise has very little news flow.