Polish refiner PKN Orlen is on track to take full control of its Czech unit Unipetrol after minority shareholder Paulinino withdrew its buyout bid of € ( $ 17.53 ) per share and sell its entire 20 % stake in Unipetrol . That would increase it ’s stake in the Czech refiner to 83 % . ($1 = 21.6950 After acquiring Paulino 's stake in Unipetrol , the Orlen plans to squeeze out the remaining minority shareholders and delist the Czech refiner ’s shares from the Prague Stock Exchange , it said on 13 July .
Polish refiner PKN Orlen is on track to take full control of its Czech unit Unipetrol after minority shareholder Paulinino withdrew its buyout bid of € ( $ 17.53 ) per share and sell its entire 20 % stake in Unipetrol . That would increase it ’s stake in the Czech refiner to 83 % . After acquiring Paulino 's stake in Unipetrol , the Orlen plans to squeeze out the remaining minority shareholders and delist the Czech refiner ’s shares from the Prague Stock Exchange , it said on 13 July .