Agrofert buys Czech Government stake in Unipetrol
- Publisher
- Elsevier Science
- Year
- 2002
- Weight
- 31 KB
- Volume
- 2002
- Category
- Article
- ISSN
- 0969-6210
No coin nor oath required. For personal study only.
✦ Synopsis
COMPANIES
Agrofert buys Czech Government stake in Unipetrol
Further consolidation in the Czech chemical industry: Agrofert has purchased the Government's majority holding in the Unipetrol conglomerate. Unipetrol owns: Chemopetrol (a key source of ethylene and polyolefins), Spolana (the country's leading producer of polyvinyl chloride, PVC) and Kaucuk (the synthetic rubber producer).
Agrofert is the majority shareholder in Precolor, which controls Precheza (the only Czech producer of TiO 2 and iron oxide pigments). Agrofert also controls Deza (which operates the carbon black plant at Valasske Mezirici as a joint venture with Cabot). Agrofert's other holdings include Lovochemia (the fertiliser supplier) and AliaChem (the speciality chemicals supplier).
Last year, Agrofert reported total turnover as KCz 40 bn, while Unipetrol's turnover was KCz 65 bn.