Grapevine hints at sale of 6.1% stake in Unipetrol by Czech financial group

Market grapevine suggests that Czech financial group KKCG has hived off 6.1% stake in petrochemicals maker Unipetrol to an unnamed local company with Russian financing. The stake corresponds to 11 mln shares and was sold for 280 crowns a share, which is a 2.4% discount to Uniperol's volume weighted average price on Friday of 287 crowns a share. Russia's Lukoil is speculated to be backing the buyer.