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Privatisation of Polish plants planned.(BUSINESS: Headlines)

ECN-European Chemical News

| December 19, 2005 | Robinson, Simon | COPYRIGHT 2005 Reed Business Information Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TWO POLISH chemical plants could be fully privatised under plans being drawn up by a government agency last week.

State oil and chemicals agency for strategy and privatisation, Nafta Polska, said it had received Treasury Ministry instructions to prepare for a possible state sell-off of Zaklady Azotowe Pulawy (ZAP) and Zaklady Chemiczne Police.

The state currently holds a 71% stake in caprolactam, melamine and nitrogen fertiliser producer ZAP--following an initial public offering (IPO) of about 29% of the firm in October--and an 80% stake in Police, a titanium dioxide and urea fertilisers producer.

Nafta Polska said public offerings of the firms would ...

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