Ciech extends debt restructure deadline

Shares in Poland’s struggling chemical group, Ciech, have jumped after it revealed the deadline for concluding debt restructuring talks had been extended to 16 April from 1 April. The move gives the group more breathing space and enables talks to resume with potential bidders for the group.

Ciech was withdrawn from the current Polish chemical privatization process on due to its financial problems. This is Europe’s second largest soda ash producer and would be a great asset in the right hands.

, , ,

Leave a Reply