ARP skeptical about Evip's shipyards merger plans

By the middle of next week specialists from Evip, a company controlling a 5% stake in the Gdynia Shipyard (SG), are to present the Treasury Ministry with a new plan to save the shipbuilder. Evip wants to merge the Gdynia, Gdańsk and Szczecin shipyards, and the Poznań-based Cegielski engineering company, and work with the Industrial Development Agency (ARP). This plan replaces the existing plan to increase SG's capital by zł. 120 million before the end of October. The capital value of the merged entities would amount to zł. 700 million. This would mean that a further purchase of SG shares, worth zł. 120 million, by the current shareholders would no longer be required. ARP president, Arkadiusz Krezel, believes that the problems within the existing companies should be solved before attempting to merge them. (Rzeczpospolita, p. B3) A.K.