Warsaw (Puls Biznesu) – The Agency of Industrial Development ARP received an offer from Norwegian Aker for Stocznia Gdanska shipyard. “There’s no problem with separating it from Stocznia Gdynia and letting investors into it. I wouldn’t like to give their names as yet. Stocznia Gdynia is holding talks and the shipyard will decide whether to accept the offer”, Arkadiusz Krezel, ARP CEO said. The separation of these two shipyards has been already decided before.
Stocznia Gdynia said it would agree for Aker’s offer if the investor pledges to continue the construction of ship parts for ships contracted by Stocznia Gdynia. Employers, however, will not agree for the transaction as they have their own restructuring ideas. “If Aker enters the shipyard, we won’t build ships but just parts. We need to build complete ships to survive. And we want to diversify production and engage in building wind farms elements”, Roman Galezewski from Stocznia Gdanska Solidarnosc trade union said. Therefore, the union applies for the Stocznia Gdynia’s shares worth PLN 120m (EUR 30.4m) to be amortised. The shares belong to the state and ARP. Instead, the government would have shares of Stocznia Gdanska. Ray Car Carriers and Mediterranean Shipping Company would invest in the shipyard and pay for the amortised shares.The Ministry of Economy has yet another idea. The idea provides for Korporacja Polskie Stocznie (KPS), a group of shipyards, which is to comprise Gdynia and Szczecin shipyards in the future. KPS is to issue bonds worth USD 100-120m (EUR 80.5-96.7m) and borrow PLN 60m. In the future, the corporation plans to issue USD 500m of bonds. It also wants to unify all agreements to build ships. In four years, KPS wants to be listed either in Warsaw or Tokyo.(PLN 1 = EUR 0.253)(USD 1 = EUR 0.805)
Poland/Enterprises/Heavy Industry