A 3% Stake in Czech Unipetrol Changes Hands

A 2.98% stake in Czech downstream oil group Unipetrol exchanged hands in a block trade of shares on Tuesday, the website of the Prague Stock Exchange showed.

The deal, worth 999 million Czech crowns ($59.18 million), was for 5.4 million shares sold at 185 crowns per share.

The PSE did not provide details on the seller or the buyer. Unipetrol investor relations chief Robert Keller said he had no information on the Tuesday exchange.

The number of shares in the block trade was the same as a deal carried out on Dec. 6 last year for 201.5 crowns per share.

Unipetrol said then that shareholder Levos Limited, registered in Cyprus, had decreased its stake to 2.23% from 5.21%.

A spokesman for Czech-Slovak financial group J&T, which said last September that it was acting on behalf of Levos when the investor was raising its stake in Unipetrol, also declined to comment.