Friday, 18 September 2009

Poland chemical privatisation deadline passes

Close-up of stacks of bank notes

This week the deadline for preliminary bids in Poland's chemical privatisation plan passed.

According to ICIS news, only Germany's Petro Carbo Chem (PCC) has publicly declared that it is a confirmed bidder for the package, which comprises Ciech, Zaklady Azotowe Tarnow (ZAT) and Zaklady Azotowe Kedzierzyn (ZAK).

The blog wonders whether the whole thing may fail if bids do not match up to the valuations privatisation agency, Nafta Polska, have in mind.

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