Unipetrol will divest 10% or more of its Czech fuel retailer Benzina's petrol stations, but will acquire other stations in Prague and Brno as part of Benzina's transformation, Unipetrol CEO Francois Vleugels told Interfax.
Our view: The company is pursuing its efficiency improvement program at Benzina, which is currently loss-making. We see the news as neutral for Unipetrol's share price due to the minor impact of the segment to the company earnings.