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LNM GROUP BIDS FOR PRIVATISED ASSETS OF POLISH STEEL PLANT.
LONDON, Dec 1 Asia Pulse - Non-Resident Indian steel baron L N Mittal's LNM group has submitted an offer for the privatisation of selected production assets of Poland's leading steel company Huta Czestochowa.
Huta Czestochowa (HCz) is Poland's leading producer of steel plate, employing over 2,000 emplyees, with steel making capacity in excess of 7,00,000 metric tonnes and shipments in 2002 of approximately 4,20,000 metric tonnes.
In addition, LNM has expressed interest in certain core business related subsidiaries of HCz and the shares of another Polish company Huta Stali Zcestochowa.
Commenting on the offer, Aditya Mittal, vice chairman said, "There are a number of exciting opportunities for the ...
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Source: HighBeam Research, LNM GROUP BIDS FOR PRIVATISED ASSETS OF POLISH STEEL PLANT.