Reuters: PKN Orlen in talks to buy Eni stake in Czech refiner - minister
Polish oil firm PKN Orlen is in talks to buy Italian firm Eni's stake in the Czech Republic's sole refiner, the Czech industry minister said, a step that could lead to more investment and help secure its future.
The sale of Eni's 32.4 percent would give local PKN unit Unipetrol full ownership of Ceska Rafinerska after it also bought a 16 percent stake from Shell earlier this year for $27 million.
"(Eni) is negotiating with PKN Orlen on the conditions for it to exit Ceska Rafinerska," Czech Industry Minister Jan Mladek told Reuters in an interview on Monday. "We expect that PKN Orlen will negotiate this."