The botched privatization of parts of Poland's chemical industry has been well documented by this blog. As a general pattern, the assets are touted for sale and attract little interest and low offers from domestic and international players and investors. Next, the government rejects the offer, and the process grinds to a halt.
Now the country's deputy treasury minister, Adam Leszkiewicz, says that privatization remains the only option for the development of Poland's chemical industry, despite the failed efforts this year to sell off companies, according to ICIS news.
"Privatization is still the only alternative for the Polish chemical sector and we are determined to continue...let me emphasise that privatisation is our priority, because it gives real opportunities for growth," he said.
We will have to wait and see whether Adam and his colleagues at the ministry take a more realistic view of valuations.
Now the country's deputy treasury minister, Adam Leszkiewicz, says that privatization remains the only option for the development of Poland's chemical industry, despite the failed efforts this year to sell off companies, according to ICIS news.
"Privatization is still the only alternative for the Polish chemical sector and we are determined to continue...let me emphasise that privatisation is our priority, because it gives real opportunities for growth," he said.
We will have to wait and see whether Adam and his colleagues at the ministry take a more realistic view of valuations.
Leave a comment
What a user pic? Get a Gravatar!