Government to stop privatization of mining sector

APA - Austria Presse Agentur
opublikowano: 23-01-2006, 17:34

Warsaw (Puls Biznesu)- The ministry of economy is not planning the privatization of the mining industry this year. Meanwhile, foreign investors are ready to engage in Polish mines, including a Czech big fish.

Warsaw (Puls Biznesu)- The ministry of economy is not planning the privatization of the mining industry this year. Meanwhile, foreign investors are ready to engage in Polish mines, including a Czech big fish.

Zdenek Bakala, a 44-year-old Czech businessman who in 2004 acquired a controlling stake in OKD coal mines via his RPG company, is interested in the privatization of Jastrzebska Spolka Weglowa (JSW) and Budryk mine. According to the strategy of the privatization of the mining sector prepared by the former government, JSW was to be privatized via the stock exchange while Budryk was to be merged with either JSW or Kompania Weglowa (KW). JSW privatization advisor has already submitted the issue prospectus to the Ministry of the Treasure.

“I’ve met trade unions in JSW. They are against privatization”, Tomasz Wilczak, the deputy Minister of Economy said.

According to him, the sector will not be privatized this year although he did not talk about it with representatives of the Ministry of the Treasure.

Meanwhile, RPG representatives are closely watching the situation in Poland.

JSW has similar activity to the Czech mines. We expect synergies so we are interested in the privatization of the Polish company”, Jiri Polak, Bakala advisor said.

Mittal Steel steel giant is interested in acquisition of JSW and Budryk. Possible investors may fight to win JSW, the producer of coke coal necessary for steel plants.

 

 

 

© ℗
Rozpowszechnianie niniejszego artykułu możliwe jest tylko i wyłącznie zgodnie z postanowieniami „Regulaminu korzystania z artykułów prasowych” i po wcześniejszym uiszczeniu należności, zgodnie z cennikiem.

Podpis: APA - Austria Presse Agentur

Polecane