Research (Česká spořitelna)
Czech markets  |  April 10, 2013 16:16:12

Shell offered the State sell its stake in the Czech refinery

Industry Minister Martin Kuba said that Shell contacted at the beginning of the ministry, whether the government is interested in buying a 16.3% stake in Shell's refinery Czech (Czech Republic). Shell has previously offered its share of other shareholders of the Czech Republic. Czech Unipetrol Refinery has a 51% stake, Eni and Shell have minority stakes (Bloomberg).

Czech Refining Company in the last two years has been lost and there is a real possibility in the near future that would reverse the trend. Therefore, it is natural that Shell is looking for ways to sell its stake.Sales of Shell's share of government could create a problem for chemical lines in Unipetrol, which rely on the collection of Czech refineries refinery, especially from Litvinov.
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