Return to chemical consolidation

Alan Heath
28-11-2001, 00:00

It would seem that the treasury, with new minister Wiesław Kaczmarek at its head, has come up with a new plan for the privatisation of the heavy chemical industry and in particular the Puławy, Tarnów, Kędzierzyn and Police works. Kaczmarek has suggested that the shares of these companies would be given to Nafta Polska with an aim to consolidate the industry with the petrochemicals sector. Funds for this could come from the sale of assets belonging to Nafta Polska.

Nafta Polska asked for time before commenting on this proposal although it was welcomed by representatives of the chemical industry.

It has also been suggested that PKN Orlen become the main investor in these companies although this may now be difficult to carry out as profits have fallen at the company which in any case is more interested in developing its petroleum business rather than being sidetracked into chemicals. A second proposal suggests using Ciech to privatise the sector.

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Podpis: Alan Heath

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Puls Inwestora / Return to chemical consolidation