Germany's Woellner snubs chance to buy Poland's Rudniki

04 November 2011 15:02  [Source: ICIS news]

LONDON (ICIS)--Germany’s Woellner Group has opted not to place an exclusive bid to buy Polish chemical producer Zaklady Chemiczne Rudniki, the Polish government said on Friday.

In September, Woellner was made the preferred bidder for the Polish treasury ministry’s 85% stake in Rudniki, a producer of sodium silicate, sodium water glass, potassium silicate, potassium silicate glass and industrial washing agents.

As no deal has been concluded with Woellner, previously shortlisted companies, including Polish chemical group Ciech, might be approached to see if they had an interest in reviving negotiations for the stake, the ministry said.

No-one from Woellner was immediately available for comment.

By: Will Conroy
+44 20 8652 3214

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