Unipetrol will probably be privatized in 2002
Article Abstract:
Unipetrol (Kralupy nad Vltavou, Czech Republic), holding petrochemical company, does not expect to be privatized before 2002. The process will be complicated and the state expects to obtain between CEK 8-10 bil from the privatization of its 60% stake by a strategical partner. According to preliminary results, in 2000 Unipetrol saw proceeds of CEK 73 bil, up 42% from 1999. Its net profit after the elimination of minority shareholders increased to CEK 3.2 bil in 2000, up 67% from 1999. Within Unipetrol, only the refinery Paramo (Pardubice, Czech Republic) was not successful. Paramo was acquired by Unipetrol in Dec 2000 and it is not included in the consolidated results. Unipetrol, which has quite a broad product range, incorporates primarily Kaucuk (Czech Republic), Chemopetrol (Czech Republic), Ceska rafinerska (Czech Republic) and Benzina AS (Czech Republic).
Publication Name: Ekonom
Subject: Business, international
ISSN: 1210-0714
Year: 2001
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Unipetrol wins an award of Trade Finance
Article Abstract:
Unipetrol (Kralupy nad Vltavou, Czech Republic), holding petrochemical company, has won an award called the Deal of the Year from the prestigeous UK journal Trade Finance. The company was awarded the prize for its project the Financing of a New Polyethylene Unit at the beginning of 2001. The financing consists of four credit transactions, three foreign and one domestic, worth a total of USD 83 mil. The prize was awarded above all for the complex structure of the financing, which had been made within close co-operation of two meaningful international export agencies, SACE (Italy) and Ex-Im Bank (US).
Publication Name: Ekonom
Subject: Business, international
ISSN: 1210-0714
Year: 2001
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Unipetrol raised proceeds in 2000
Article Abstract:
Unipetrol (Kralupy nad Vltavou, Czech Republic), holding petrochemical company, saw proceeds of CEK 69.6 bil in 2000. The sum was 50% bigger compared to the CEK 45.7 bil generated in 1999. Unipetrol's pre-tax profit amounted to nearly CEK 5.2 bil in 2000 and was double compared to 1999.
Publication Name: Ekonom
Subject: Business, international
ISSN: 1210-0714
Year: 2001
User Contributions:
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