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.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
MOL inaugurates its polyol complex in Tiszaújváros
MOL's EUR 1.3 billion polyol complex in Tiszaújváros, boasting a capacity of around 200,000 tonnes of polyol per year, has been inaugurated. The ceremony, addressed ...
15-05-2024
-
NEXTCHEM completes the acquisition of GasConTec
Further to the announcement made on 4 March 2024, MAIRE announces that NEXTCHEM has finalized the acquisition of 100% of GasConTec GmbH, an innovative company specialized ...
15-05-2024
-
KBR awarded digital solutions contract by OCI
KBR announced today it has been awarded a contract by OCI Global to design and deploy its proprietary operator training simulator for OCI's 3,000 metric tonnes ...
13-05-2024
-
Worley awarded Bayou Bend CCS carbon capture and storage facility contract
We’ve been selected to design and evaluate CO2 gathering, handling and sequestration facilities located along the Gulf Coast in Southeast Texas. Bayou Bend ...
13-05-2024
-
Black & Veatch delivers feasibility study for Andes Energy LNG Terminal
Global liquefied natural gas (LNG) infrastructure solutions leader Black & Veatch has completed a feasibility study for the planned Andes Energy Terminal, LNG regasification ...
09-05-2024
-
Shell to sell interest in Singapore Energy and Chemicals Park to CAPGC
Shell Singapore Pte Ltd, a subsidiary of Shell plc, has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC Pte. Ltd., a joint venture company ...
08-05-2024
-
Integrated Global Services recognized for role in mega turnaround
Integrated Global Services has been recognized as a major contributor to the successful Ras Tanura Refinery 2024 Mega Turnaround and Inspection for Saudi Arabian Energy ...
08-05-2024
-
Ebara Elliott Energy to provide compressor for SAF project in Thailand
Ebara Elliott Energy, formerly Elliott Group, announces it has been contracted to provide a motor-driven recycle compressor with a variable frequency drive (VFD) for ...
07-05-2024
-
ETH Zurich select hte to provide high throughput test system designed for CO2 electroreduction
hte – the high throughput experimentation company was awarded a contract by the technical university ETH Zurich to provide a high throughput test system designed for ...
07-05-2024