Treasury to help out troubled shipyard

23-05-2007, 18:05

Warsaw (Puls Biznesu) – The government helps shipyards with the stock of Ruch press distributor.

 The shares of Ruch, the state-owned press distributor, may be conveyed to Stocznia Gdynia shipyard. The shipyard could thus pay back its debts to ZUS social insurance and tax authorities. Kompania Weglowa coal group is close to getting Ruch shares as well. Both the shipyard and the coal giant have promised to sell the stock quickly. Analysts and shareholders do not worry about the Ministry of the Treasury’s willingness to give the stock of listed companies to troubled ones.


 

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