Unipetrol welcomes the decision of the Office for the Protection of Competition regarding transaction in Ceska rafinerská. The decision of the Office for the Protection of Competition is not yet effective.
Transaction is an opportunistic acquisition with the aim to gain full control over decisions in Česká rafinérská, especially in the area of capital investments. The completion of transaction will also increase security of feedstock supplies for Unipetrol’s petrochemical business development.
Unipetrol currently owns 67.555% of the Česká Rafinérská’s share capital after acquisition of Shell’s shareholding interest at the beginning of 2014. After completion of the transaction, Unipetrol shareholding interest will increase to 100%, making Unipetrol the sole shareholder of the Česká Rafinérská.
ČESKÁ RAFINÉRSKÁ, a.s. operates refineries in Litvínov and Kralupy, currently the only two running refineries in the Czech Republic.
UNIPETROL, a.s. is a group of companies operating in the petrochemical industry in the Czech Republic. In 2005 Unipetrol became a part of the PKN ORLEN Group, the largest oil processor in Central Europe. The Unipetrol Group is oriented mostly towards oil processing, fuel distribution and petrochemical production. In all of these business areas the UNIPETROL Group is among the key players both in the Czech Republic and on the Central European market. The Group ranks among the leading firms in the Czech Republic in terms of its revenues, and employs almost 3,700 people.
Contact:
Mikuláš Duda
Press Department Manager, UNIPETROL, a.s.
Tel.: +420 225 001 407, +420 736 502 520
E-mail: mikulas.duda@unipetrol.cz