According to Czech Business Weekly Unipetrol will sell 82% stake in Spolana to Polish chemical company Anwil and disposal process of Spolana should be finalized by the beginning of October. The price is reportedly higher than that speculated in media, which is about CZK 1bn. However CEO declined to comment on this.
Our view:
- to be added by Hungarian office, but should be positive as we also expects price around CZK 1bn.