PKN Orlen launches planned bid for Czech unit Unipetrol

PKN Orlen launches planned bid for Czech unit Unipetrol
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29.12.2017

MOSCOW (MRC) — Poland's biggest oil refiner PKN Orlen on Thursday offered 380 crowns for each remaining share in its Czech downstream oil unit Unipetrol, as per Reuters.The offer runs until Jan. 30 and values Unipetrol at 68.9 B crowns (USD3.2 B). Unipetrol's largest minority shareholder said last week it would sell its 20% stake.Unipetrol's board said the bid price was "non-problematic

Full article at mrcplast.com

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