03-07-2014
Unipetrol accepts the offer to purchase shares of ENI in Česká Rafinérská
Unipetrol, a.s. based on its pre-emptive right has accepted the bona fide offer from Eni International B.V., based on which it will acquire 32,445 % of Eni’s shares in ÄŒeská Rafinérská, a.s. with the acquisition price for the shares in the amount of €30 million.
Unipetrol currently owns 67.555% of the ÄŒeská Rafinérská’s share capital after acquisition of Shell’s shareholding interest at the beginning of 2014. After completion of the Transaction, expected by the end of 2014, Unipetrol shareholding interest will increase to 100%, making Unipetrol the sole shareholder of the ÄŒeská Rafinérská.
"Further integration of the refining and petrochemical segments remains at the core of our main strategic objectives," said Marek Åšwitajewski, Unipetrol's CEO. “The sole shareholding will allow to strengthen our position on Czech market and to increase security of petrochemical feedstock supplies for Unipetrol’s petrochemical business,” added Åšwitajewski.
The security of the petrochemical feedstock and maximum utilization of own captive demand provide basis for the development of the petrochemical segment, where according to the Unipetrol Group Strategy 2013-2017 announced in June 2013, Unipetrol plans to make the largest capital expenditures.
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