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Baker McKenzie Advises PKN Orlen on Tender Offer for Unipetrol Shares

Baker McKenzie Advises PKN Orlen on Tender Offer for Unipetrol Shares

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Baker McKenzie is advising PKN Orlen in connection with its planned acquisition of shares of Unipetrol a.s., the largest refining and petrochemical group in the Czech Republic. 

PKN Orlen, which already holds a 62.9% equity interest in Unipetrol, has launched a conditional voluntary tender offer for shares in the Czech company. The offer is conditional on PKN Orlen acquiring at least 90% of Unipetrol’s share capital. Ultimately, Baker McKenzie reports, PKN Orlen aims to buy all Unipetrol shares and have the company delisted from the Prague Stock Exchange.

Unipetrol a.s. is the largest refining and petrochemical group in the Czech Republic. It owns refineries in Litvinov and Kralupy, the largest local retail chain Benzina (with 400 service stations), and Spolana, the sole PVC and caprolactam manufacturer on the Czech market.

The Baker McKenzie team is led by Warsaw-based Partners Tomasz Krzyzowski and Krzysztof Haladyj, and includes Prague-based Partners Alexandr Cesar and Libor Basl.

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