Autostrade to invest heavily in Stalexport

So far Autostrade has purchased 21.7 percent of Stalexport shares for zl 68 million, it intends to purchase up to 50 percent. A spokesperson for the ministry says that Autostrade is a strong and reliable investor which can guarantee that Stalexport will pay off its obligations towards the state's treasury and finalize its motorway investments. Stalexport has yet to carry out the second stage of modernization on A4 Kraków-Katowice, an obligation the Government doubted the company could fulfill. However, with the involvement of a strong investor any threat that Stalexport will loose the concession has been dismissed. Autostrade is also reportedly thinking about becoming a shareholder in Autostrada Wielkopolska (AW) as it would be easier for the company to take over AW than to fight it for contracts. The government has repeatedly urged AW to give up its concession and it now appears that the two will reach an agreement. (Puls Biznesu p.4-5) M.M.