The Czech Competition Authority clears a merger in the petrochemical sector subject to maintaining supply of the target’s products (Unipetrol / Paramo)

The operation The operation involved the privatization of PARAMO whose 71% of shares were transferred, upon the decision of the Czech government, on an acquirer selected in a public tender. According to the result of the tender, the above-mentioned shares in PARAMO were acquired by UNIPETROL under a share purchase agreement concluded with the Fund of national property of the Czech Republic. Thus, UNIPETROL acquired a direct control over PARAMO. Both parties are mainly active in the

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  • Clifford Chance (Prague)

Quotation

Eva Valentová, The Czech Competition Authority clears a merger in the petrochemical sector subject to maintaining supply of the target’s products (Unipetrol / Paramo), 16 February 2001, e-Competitions Bulletin Energy & Mergers, Art. N° 20898

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