Brief: Unimot Starts Reorganisation For Integration Of Lotos Terminale Assets

Unimot SA

11/05/2022 14:51

May 11 (Reuters) - Unimot SA  UNTP.WA :
    * STARTS REORGANISATION
    * REORGANISATION AIMED AT PREPARING STRUCTURE FOR ACQUIRING
NEW
ASSETS
    * REGARDS ACQUISITION OF LOTOS TERMINALE
    * WILL HALT IMPORTS AND PRODUCTION OF LIQUID FUELS (LPG)
UNDER
HELD OPZ AND WPC PERMITS AT END-JUNE
    * WILL APPLY FO RNEW WPC PERMIT VIA UNIT UNIMOT PALIWA WHICH
ALREADY HOLDS OPZ PERMIT
    * CONTINUATION OF IMPORTS AND PRODUCTION VIA UNIT WILL
SECURE
DELIVERIES OF LIQUID FUELS FOR GROUP AT CURRENT TERMS
    * CHANGES WILL LIMIT FUEL STORAGE OBLIGATION FROM JULY 2022
THRU
JUNE 2023 THUS LOWERING STORAGE COSTS

Source text for Eikon:  ID:nEM8ct0rNa 
Further company coverage:  UNTP.WA , LTSP.WA 

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