PCC asks Prime Minister for help

APA - Austria Presse Agentur
07-11-2006, 17:04

Warsaw (Puls Biznesu) – PCC wants one more chance to buy Tarnow and Kedzierzyn plants. But it is not going to raise its price again.

Warsaw (Puls Biznesu) – PCC wants one more chance to buy Tarnow and Kedzierzyn plants. But it is not going to raise its price again.

 

Petro Carbo Chem (PCC) asked PM Jaroslaw Kaczynski for help because it wants to negotiate further with Nafta Polska, the state-owned entity founded to privatize the chemical sector.

“Our lawyers analyze whether the way the Ministry of the Treasure made its decision does not break the European law and the agreements between Poland and Germany”, Piotr Maciejewski representing PCC in Poland said.

The investor cannot understand why it had no chance to present its arguments and why it learnt about the negative decision from the internet. Despite this, the investor sent signed annexes to the Ministry and Nafta Polska offering PLN 50.6m (EUR 13.2m) more.

PCC promised to invest PLN 500m.

 

However, the investor has an emergency plan in case it loses the fight to buy the two nitrogen plants.

“We will focus on greenfield projects. The costs of materials and energy in Poland are high so part of our investment may be located in Ukraine”, Piotr Maciejewski warned.

(PLN 1 = EUR 0.261)

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Podpis: APA - Austria Presse Agentur

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Inne / PCC asks Prime Minister for help