PKN seeking to buy out ENI state in Unipetrol: report

Polish oil giant PKN Orlen is negotiating to buy out Italian refinery company ENI’s 32.4 percent in Czech petro-chemical group Unipetrol, the news agency Reuters reported on Monday citing Czech Minister of Industry and Trade, Jan Mládek. PKN Orlen already has an almost 63 percent stake in Unipetrol, which controls the Czech Republic’s biggest refinery company, Česká Rafinérská. Last week the business daily Hospodářské Noviny said PKN Orlen was also looking to take over state-owned oil pipeline company MERO and fuel and petrol station owner Čepro.