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Unipetrol buys Shell out of Czech refineries, securing supply of petchem feedstocks

8:23 AM MST | November 12, 2013 | Natasha Alperowicz

Unipetrol (Prague) says it has signed a share purchase agreement with Shell Overseas Investments to acquire Shell’s 16.335% stake in ńĆeská Rafinérská for $27.2 million. Unipetrol, a subsidiary of PKN Orlen (Plock, Poland), will finance the acquisition from its own resources. The transaction is expected to be completed at the beginning of 2014 and will raise Unipetrol holding in ńĆeská Rafinérská to 67.555%.   ńĆeská Rafinérská operates refineries in Litvínov and Kralupy, the only...

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