Unipetrol Company Description
Unipetrol covers the universe of petroleum businesses in the Czech Republic. The company is the country's major petrochemical concern, with controlling stakes in leading refineries and chemical plants. Unipetrol acquired and integrated joint-stock companies Kaučuk, Chemopetrol, Benzina (the country's largest gas-station network), Paramo, Koramo, Česka rafinérská, Unipetrol Trade, Unipetrol Rafinérie, and Spolana as a way to compete with multinational petrochemical enterprises. In 2005 the Czech government sold its 63% stake in Unipetrol to Polish refinery giant PKN ORLEN for about $480 million.
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The Company Description provides a historical perspective of Unipetrol's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Unipetrol's evolution in the marketplace.
