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Shell nearer to takeover of Unipetrol.

Asia Africa Intelligence Wire

| January 23, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Chemical Business NewsBase - Het Financieele Dagblad)

As one of three parties remaining in the race to acquire Unipetrol of the Czech Republic, Shell is a step nearer to a takeover. The other two companies still on the shortlist are Orlen of Poland and MOL of Hungary. A decision on the sale of a 63% stake in the Czech Republic's largest oil company is expected to be made in Mar or Apr 2004. It is understood that Shell has made the …

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