Unipetrol Buys out ENI for Full Control of Czech Refineries

Czech oil processing group Unipetrol will take full control of the Czech refining sector after it buys the stake of Italy's ENI in their joint refining firm Ceska Rafinerska, Unipetrol said on Thursday.

Unipetrol, majority owned by Poland's PKN Orlen, said it would pay 30 million euros for the 32.4 percent stake it does not already own in the firm which operates the country's two refineries at Litvinov and Kralupy.

The acquisition, on the basis of a right of first refusal, followed a bid by Hungary's MOL to buy the ENI stake.

(Reporting by Jan Lopatka, Editing by Michael Kahn)