Unipetrol to be sold to PKN Orlen

The Czech government has approved the sale of the petrochemical group Unipetrol to be sold to Poland's PKN Orlen; the announcement was made by Finance Ministry spokesman Marek Zeman on Wednesday. PKN, the only short-listed bidder to actually go ahead with its bid: more than 13 billion crowns for the government's 63 per cent majority in the group. Unipetrol is made up of top Czech fuels dealer Benzina, the Chemopetrol refinery, rubber manufacturer Kaucuk, oil processor Ceska rafinerska, oil producer Paramo, and the Spolana chemical company.