ding to CTK, Goldenfrazil filed once again legal action against Unipetrol
in relation to Spolana
sale. Goldenfrazil quantified loss from transaction in the amount of CZK
352m based on independent valuation released in January. Unipetrol
sees legal action as irrelevant.
The claim of Goldenfrazil equals to USD
17m, less than 1% of Unipetrol
market cap. Since we see little chance for Goldenfrazil to win the case, we consider the news as neutral for Unipetrol