The Polish government“s press office said on 20 January that the government“s economic committee (KERM) has recommended to the full cabinet the sale of a 51% stake in the Polish chemical plant Carbo…
The Polish government“s press office said on 20 January that the government“s economic committee (KERM) has recommended to the full cabinet the sale of a 51% stake in the Polish chemical plant Carbochem to Germany“s Degussa AG. It said in a statement that the new company will be called Zaklady Chemiczne Carbochem, in which the state treasury will hold a 49% stake. The treasury will put DM 5.48 million into the firm while Degussa, which has been cooperating with Carbochem since 1991, will contribute DM 5.7 million. “Although investors interested in the privatisation of Carbochem were not publicly invited to negotiate the deal, they knew that such a possibility existed,” the statement said. “Therefore the lack of a public tender for Carbochem does not put the treasury“s interests into jeopardy,” it said.