24 May 2012 16:06 [Source: ICIS news]
LONDON (ICIS)--Growing anticipation on the ?xml:namespace>
Shareholders in Ciech,
“Following the positive newsflow on Ciech’s TDI [toluene di-isocyanate] unit divestment [with Ciech saying it has received a concrete offer for lossmaking subsidiary Zachem], investors interested in taking over the company and the appointment of new management, Ciech has rallied 20% from its March lows,” the bank added.
A spokesman for Bakala said he had no comment on whether he was considering a bid.
The focus on a possible bid from the billionaire follows a mid-May denial from
Ciech is controlled through board voting rights held by the Polish treasury ministry, which has a 38.7% stake in the group.
However, newly installed treasury minister, Mikolaj Budzanowski, has said he wants to see the Polish state exit the chemical sector before the end of 2013.
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|
Asian Chemical Connections