Polish privatisations plough on despite Russia

Article Abstract:

Poland is determined to proceed with its extensive privatization programme, despite the economic crisis in Russia. It is set to see proceeds from privatization of $4.6 billion in 1999, even though around two-thirds of state-owned companies are currently undergoing recovery or bankruptcy proceedings. Significant progress has been made already with privatization in the steel industry, and the telecommunications market is also being gradually liberalized.

Economic policy, Privatization, Privatization (Business)

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First golden share used in Poland

Article Abstract:

Sobieslaw Zasada Centrum (SZC), Mercedes car dealer, has acquired a 51% stake in truck and bus maker Jelcz. The deal cost slightly over 12 million PLN. SZC will also pay Jelcz 48 million PLN over the coming nine months. It will invest 17.5 million Deutsche marks in Jelcz in the coming three years. Employees in Jelcz will be able to acquire up to 20% of its shares at half price.

Trucks, Motor Vehicle Manufacturing, Motor Vehicle Dealers, Motor Vehicle and Parts Dealers, Buses, Heavy Duty Truck Manufacturing, Truck industry, Mergers, acquisitions and divestments, Automotive dealers, Buses (Transportation), Automobile dealers, Bus industry, Jelcz, Sobieslaw Zasada Centrum

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Polish power generation for sale

Article Abstract:

Poland's state-owned power generating companies Patnow-Adamow-Konin and Bedzin Heat and Power are to be privatized. The heat generator companies Upper Siesian Regional Electricity Distribution Company, Wroclaw Heat and Warsaw Heat and Power Plants Group will also be sold to private bidders. The Polish power company Belchatow has set up a subsidiary called Belchatow II.

Electric, Gas & Water Utilities, Utilities, ELECTRIC, GAS, AND SANITARY SERVICES, Energy policy, Power resources, Public utilities

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