Petrochemical holding group Unipetrol sells Kaucuk

The petrochemical holding group Unipetrol has sold Kaucuk - a Czech chemicals firm - to Polish chemicals company Dwory for the equivalent of more than 250 million US dollars. The sale had been under negotiation for some time. Dwory, one of twenty-six companies that expressed interest in the original tender, is a strategic partner to Poland's PKN Orlen, the majority owner of Unipetrol. Some minority shareholders reportedly opposed the deal.

Author: Jan Velinger