​Unipetrol completed the acquisition of 32.445% stake in Česká rafinérská from Eni today, thus becomingthe sole shareholder of Česká rafinérská with 100 % shareholding.
 
"The completion of acquisition of Eni’s stake in Česká rafinérská is an important step for strengthening of competitiveness of Czech refineries in an international context. We believe that the consolidation of shareholdings will lead to more efficient operations and higher utilization of available refining capacities," says CEO and Chairman of the Board of Directors of Unipetrol Marek Świtajewski. "For Unipetrol group the acquisition is an important step towards the fulfilment of our medium-term strategy 2013 - 2017. It opens up additional possibilities to further focus on operational excellence of the refineries, enable better integration of our business segments – downstream and retail, as well as strengthen long-term presence of Unipetrol Group on the Czech market," says Marek Świtajewski.
 
The acquisition price of 32.455% amounted to approx. EUR 24 million. Due to retained earnings pay-out by Česká rafinérská before transaction completion, the acquisition price paid on 30 April 2015 was adjusted down from originally announced EUR 30 million on 3 July 2014.
 
In relation to the completion of the acquisition, Unipetrol RPA also acquired from Eni inventories of crude oil and refining products for 3.228 billion CZK. The final purchase price will still be determined till the end of 2nd quarter 2015 based on the actual confirmed volumes of inventories and market prices.
 
ČESKÁ RAFINÉRSKÁ, a.s. operates refineries in Litvínov and Kralupy nad Vltavou, currently the only two refineries in the Czech Republic. The refinery in Litvínov - Záluží is a modern comprehensive refinery with high hydro refining capacity operating two crude oil distillation units, four conversion units, and a number of technological facilities for improving the quality of primary distillate products. The total processing capacity is 5.4 million tonnes of crude oil per year.  Since 2001, the refinery in Kralupy has been a comprehensive conversion refinery with a modern fluid catalytic cracking unit (FCC), by which was developed the previous hydro-skimming refinery with a processing capacity of 3.3 million tonnes of crude oil a year.