Paramo to be incorporated in Unipetrol
Article Abstract:
Paramo (Pardubice, Czech Republic), petroleum refining company, can be incorporated in the holding petrochemical company Unipetrol (Kralupy nad Vltavou, Czech Republic). The transaction has been approved by the Office for the Protection of Economic Competition of the Czech Republic on condition that Unipetrol meets the requirements of the contract on the acquisition it signed with the National Property Fund of the Czech Republic in Dec 2000. The terms of the contract include mainly maintaining a major part of Paramo's current basic production and modernizing unsuitable production equipment. In 2001 talks are beginning to be held about the privatization of the state stake in Unipetrol. One of the bidders is the petrochemical company OMV (Austria).
Publication Name: Ekonom
Subject: Business, international
ISSN: 1210-0714
Year: 2001
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Spolana to be acquired by Unipetrol
Article Abstract:
Spolana (Neratovice, Czech Republic), chemical company, should be acquired by the holding petrochemical company Unipetrol (Kralupy nad Vltavou, Czech Republic) in 2001. Unipetrol will invest a total of CEK 3 bn in Spolana. The cost of the acquisition is not known at the moment. If the Office for the Protection of Economic Competition of the Czech Republic blocked the acquisition, the offer of shares in Spolana together with shares in Unipetrol during Unipetrol's privatization would be considered.
Publication Name: Ekonom
Subject: Business, international
ISSN: 1210-0714
Year: 2001
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Unipetrol acquires Koramo by means of CHT
Article Abstract:
Unipetrol (Kralupy nad Vltavou, Czech Republic), holding petrochemical company, acquired the petroleum refining firm Koramo (Kolin, Czech Republic) in May 2001. The acquisition happened by means of CHT (Czech Republic), which Unipetrol bought fully and which holds more than 53% of shares in Koramo.
Publication Name: Ekonom
Subject: Business, international
ISSN: 1210-0714
Year: 2001
User Contributions:
Comment about this article or add new information about this topic:
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