ConocoPhillips has not exercised its pre-emption rights to acquire additional shares in CeRa, spokeswoman Laura Hopkins said. Instead, ConocoPhillips has agreed with PKN to "acquire a portion of the shares and ultimately the assets" of Unipetrol's retail fuel subsidiary Benzina.
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Conoco Stake in Czech Refinery Not to Rise
The last company to decide to increase its stake in Ceska Rafinerska is..
ConocoPhillips Inc. said Tuesday, Aug. 31, it does not intend to exercise an option to increase its 16.33% stake in Czech refiner Ceska Rafinerska following a similar decision a day earlier by Royal Dutch/Shell Group.
The last company to decide to increase its stake in Ceska Rafinerska is Italian Eni SpA's AGIP subsidiary, the third partner in the IOC consortium that holds 49% of the refinery. Analysts, however, expect the Italian company to follow suit by the time the deadline falls Wednesday, Sept. 1.
ConocoPhillips has not exercised its pre-emption rights to acquire additional shares in CeRa, spokeswoman Laura Hopkins said. Instead, ConocoPhillips has agreed with PKN to "acquire a portion of the shares and ultimately the assets" of Unipetrol's retail fuel subsidiary Benzina.
ConocoPhillips has not exercised its pre-emption rights to acquire additional shares in CeRa, spokeswoman Laura Hopkins said. Instead, ConocoPhillips has agreed with PKN to "acquire a portion of the shares and ultimately the assets" of Unipetrol's retail fuel subsidiary Benzina.
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