UNIPETROL, a.s., as a purchaser, and CONOCOPHILLIPS CENTRAL AND EASTERN EUROPE HOLDINGS B.V., as a seller, executed the Share Purchase Agreement for purchase of shares of ČESKÁ RAFINÉRSKÁ, a.s. representing the 0.225 % share in the registered capital of Česká rafinérská.Prague, November 14th, 2007 - The transfer of the shares of Česká rafinérská from ConocoPhillips to Unipetrol is subject to satisfaction of certain conditions agreed to between Unipetrol and ConocoPhillips in the Share Purchase Agreement. It is expected that the closing of the transaction shall occur within 1 month.
“ Increasing our stake in Česká rafinérská is another step in our long term strategy to focus on our core business such as processing of oil, petrochemicals and retail,“ says François Vleugels, CEO of Unipetrol.
UNIPETROL, a.s. is a group of companies operating in the petrochemical industry in the Czech Republic. In 2005 UNIPETROL became part of the PKN ORLEN Group, the largest downstream oil company in Central Europe. UNIPETROL primarily focuses on crude oil processing, fuels distribution and petrochemical production. In all these areas UNIPETROL group is one of leading players in both the Czech and Central European markets. In 2006 UNIPETROL posted revenues amounting to CZK 95 billion and a net profit of CZK 1.6 billion. The UNIPETROL group employs approximately 4,000 people.
Contact:
Michaela Lagronová
Spokesperson
Unipetrol, a.s.
GSM: +420 602 304 708
E-mail: michaela.lagronova@unipetrol.cz
www.unipetrol.cz