According to HN daily, Goldenfrazil claims compensation of CZK 352m for the sale of Spolana from Unipetrol. Minority shareholder continues to criticize Spolana sale for CZK 640m, when they think Unipetrol could have sold its stake for almost CZK 1bn.
Our view:
We see the new as neutral, as we do not expect minority owner Goldenrazil's efforts to be successful. Another reason why we do not expect any market reaction, is that it has been a long pending issue between the two parties.