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31-03-2015

Unipetrol to finalise acquiring Eni’s stake in ÄŒeská rafinerska

Unipetrol, subsidiary of PKN ORLEN, welcomes the Office for the Protection of Competition final decision regarding the purchase of Eni’s 32.445% stake in ÄŒeská rafinerska. After the transaction closing, which is expected in the second quarter of this year, Unipetrol will become a sole shareholder of ÄŒeská rafinérská.
 
"In particular, we decided to purchase the stake in ÄŒeská rafinérská to ensure the feedstock for our petrochemical production, which will be the main producer of the group´s profit in future," says the CEO and Chairman of the Management Board of Unipetrol, Marek Åšwitajewski.  "The acquisition opens up possibilities for further improvements of the operational management of the Czech refineries and will enable strategic control over these assets.  We expect an improvement especially in terms of operational cost savings," adds Marek Åšwitajewski. 

After the acquisition of Shell´s stake in early 2014, Unipetrol’s share in the share capital amounts to 67.555%.  After the completion of the transaction with ENI, Unipetrol’s share will increase to 100%.

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