Poland privatization heats up: Germany’s PCC submits bit for fertilizer firms

Germany’s Petro Carbo Chem (PCC) has submitted a binding bid for controlling stakes in Polish state chemical firms Zaklady Azotowe Tarnow (ZAT) and Zaklady Azotowe Kedzierzyn (ZAK), state industry restructuring agency Nafta Polska said on Tuesday.

According to ICIS  news, the bid had been submitted within the agreed privatization deadline, with PCC having had its exclusive rights to negotiate for the two companies extended from March 22 to April 12, it added.

PCC is a major player in Poland’s chemical sector. As its website shows, the main production site is located in the region of Lower Silesia in southwest Poland. Here PCC Rokita SA – one of Poland’s largest chemical plants – produces mainly polyether polyols -  used for the manufacture of flexible and hard PUR foams that are in demand from the furniture and automotive industries.

PCC is not a player in fertilizers so the acquisition will add a new area to its product portfolio. Other parts of ZAT and ZAK’s portfolios may fit better: ZAT is a fertilizer, caprolactam and polymer producer, while ZAK produces fertilizers, plastics and oxo-alcohols. 

According to other sources, a decision is expected within a week by Nafta Polska.

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