Initial bids for Poland fertilizer firms likely by end of April

25 March 2010 16:15  [Source: ICIS news]

PRAGUE (ICIS news)--Investors should be ready to place initial bids for controlling stakes in Poland's two largest fertilizer firms, Zaklady Azotowe Pulawy (ZAP) and Zaklady Chemiczne Police (ZChP), as soon as the end of April, the Polish treasury ministry said on Thursday.

ZAP, Poland’s biggest nitrogen fertilizer producer, and ZChP, the country's largest nitrogen phosphorus potassium (NPK) fertilizer producer, are to be sold off after a recommendation from privatisation advisers has been considered in mid-April, the treasury said.

The invitation to bid could then be announced within weeks, or at the end of June, the ministry added.

The ministry said at this stage it would favour selling off the company stakes in one package to a single strategic investor, but it would also consider offers that require selling the holdings separately.

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By: Will Conroy
+44 20 8652 3214

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