Interest in purchase of the KAUČUK, a.s. sharesRegarding the selling procedure for the purchase of 100% share of the company KAUCUK a.s.; UNIPETROL,a.s. received offers from 12 potential applicants. The companies which expressed the preliminary interest in the company are financial investors or operating business in the same industry.
Applicants that fulfil selection criteria will have to sign confidentiality agreement in order to receive an information memorandum on which they will be asked to produce detailed offers. The following stages of the process consist of, among others, selecting of “short list” of investors allowed for due diligence process, submission of binding offers by investors, negotiation of share purchase agreement and closing of the transaction.
We believe that it is in the best interest of UNIPETROL shareholders to ensure that Kaucuk will enter the cooperation with a strong partner that will assure further development of the operations. However, the potential investor will need to commit, among others, to strict commercial cooperation in terms of feedstock/product supplies and purchases as well as media supplies to some companies of Unipetrol Group.