20 November 2009 15:53 [Source: ICIS news]
PKCh did not give a reason but analysts said it was possible that the treasury ministry had decided to leave the decision on whether to bid for Anwil to the investor that buys the consortium members, which are being offered in an ongoing privatisation.
The three PKCh members — Ciech, Zaklady Azotowe Tarnow (ZAT) and Zaklady Azotowe Kedzierzyn (ZAK) — are to be sold as one package or separately in a sell-off that the treasury ministry now expects to be concluded very early next year.
State-controlled Orlen has decided to sell Anwil to raise cash to counter its rising debts and build up its core refining, fuel retail and petrochemical businesses.
PKCh had previously ruled out purchasing Anwil this year.
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|