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People & Business :: Energy and Feedstocks

Unipetrol to buy ENI's stake in Czech refinery to secure petchem feedstocks

3:31 AM MDT | July 4, 2014 | Natasha Alperowicz

Unipetrol (Prague), a member of the Orlen Group (Plock, Poland) on 3 July exercised its pre-emptive right and accepted the offer from ENI International to acquire ENI’s 32.4% stake in ńĆeská Rafinérská for €30 million ($40.8 million). ENI earlier this year announced that it was divesting its shareholdings in refineries in the Czech Republic, Slovakia and Romania to the MOL Group (Budapest). The sale of ńĆeská Rafinérská was subject to Unipetrol’s pre-emptive rights. Unipetrol owns 67.55% of the...

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