WOOD Flash – Unipetrol: to be delisted from the PSE; coverage discontinued
According to the Prague Stock Exchange (PSE), Unipetrol will be excluded from trading on the Prime Market on 26 September. The reason for the exclusion is a decision made by a general meeting of the issuer on the squeeze-out of the remaining minorities (28 August). The last trading day will be 25 September.In view of the delisting, we discontinue our coverage of Unipetrol, effective immediately, and we caution against using the forecasts, ratings and price target guidance issued previously on the stock.
Unipetrol is a holding company, engaged in oil and petroleum products processing, production of commodity chemicals, polymer materials, mineral lubricants, plastic lubricants, paraffins, road and insulation bitumen, special refinery and petrochemical products. Co. is also engaged in the distribution of fuels and operation of gas stations. Co. operates two refineries with an annual conversion capacity of 5.9 million tons of crude oil, three polyolefin units with an annual capacity of 595,000 tons, steam cracker, 339 fuel filling stations, and transport services. Co.'s core business segments include downstream (combining refining and petrochemicals), and retail distribution of fuels.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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