The deal is to have been finalized by the end of the year. It will involve the sale of 7.95 million individual shares.
As per report, five applications from Polish companies were received; ArcelorMittal Poland, KEM, HW Pietrzak Holding, Amber Sp zoo, Opal Sp Zoo. After preliminary examination of submitted documents only ArcelorMittal Poland and KEM have been qualified for further negotiations, which are scheduled for October.
Huta Labedy was nationalized in 2005. It currently operates a 250,000 tons per year structural steel mill, producing 120mm to 160mm INP beams and 100mm to 180mm channel. Square billet for the operations is sourced from local producers, in particular, Celsa Huta Ostrowiec, CMC Zawiercie and ArcelorMittal Warszawa. (SteelGuru, India)
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
