According to CTK, minority shareholders of Unipetrol prepare to set up association "STOP", which should enforce Unipetrol's better informatory openness. Minority shareholders are discontent with recent practices of the company as they claim Unipetrol stopped to inform them about strategic plans of the group. Unipetrol however denies this. Minority shareholders according to spokesman hold some 37% stake.
Our view:
We believe, the news is unlikely to have an affect on the share price today. We see that minority owners' objections and claims have already been priced in.