Warsaw (Puls Biznesu) – The state should provide
PLN 2bn (EUR 556m) for Gdynia and SSN shipyards in order to encourage investors
to buy the troubled firms.
Privatization of Stocznia Gdynia and Stocznia
Szczecinska Nowa (SSN), Poland’s two biggest shipyards, may be very expensive
for the state. Their finances are so poor that the state will have to invest up
to PLN 2bn in order to encourage potential investors to buy them. This is at
least what Przemyslaw Sztuczkowski, Zlomrex CEO interested in privatization of
both shipyards, believes.
According to present plans, the state will provide
PLN 515m of capital for Stocznia Gdynia to help it pay back its debts. They are
so big, however, that this may be not enough.
“If the creditors change their minds, the shipyard
will need PLN 1bn”, Przemyslaw Sztuczkowski said.
If his rival, Rami Ungar, believes the same, the
state will have no other option.
Przemyslaw Sztuczkowski, and Amber, the company he
founded to privatize shipyards, have no rivals as far as privatization of SSN is
concerned. The only potential buyer says that without state aid there are no
chances for privatization.
“It’s been no secret that the shipyard will
generate up to PLN 1bn of losses. That’s why I hope that the state will
participate to pay them back”, Przemyslaw Sztuczkowski said.
(PLN 1 = EUR 0.278)