Poland sets deadline for initial fertilizer privatisation bids

05 February 2010 10:14  [Source: ICIS news]

PRAGUE (ICIS news)--The deadline for initial bids in Poland’s privatisation of fertilizer producers Zaklady Azotowe Pulawy (ZAP) and Zaklady Chemiczne Police (ZChP) has been set for within the first half of this year, Poland’s treasury ministry said on Friday.

The privatisation of the companies should then be completed by the end of this year, deputy treasury minister Adam Leszkiewicz said.

Ideally, controlling stakes in ZAP and ZChP – Poland’s largest and second-largest fertilizer producers, respectively – would be jointly sold to one investor, but separate sales have not been ruled out, Leszkiewicz added.

By the time it is privatised, ZAP’s assets could also include a controlling stake in Anwil, central and eastern Europe’s largest polyvinyl chloride (PVC) producer, the treasury ministry said.

State-controlled oil and petrochemical group PKN Orlen has shortlisted bids from ZAP and two others for its 85% stake in Anwil.

For more on PKN Orlen visit ICIS company intelligence
For more on fertilizers visit ICIS pricing fertilizers
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By: Will Conroy
+44 20 8652 3214

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