Bankrupt metal company Centrozap pushes Treasury to convert debt for shares

"The decision came from Krzysztof Żyndul, who argued that this is the only way to regain funds," said Magdalena Nienałtowska from the Ministry's press office. According to Centrozap, the green light from the largest creditor, the Treasury Ministry, opens the door to carrying out the restructuring program. "After the debt to shares conversion, the company's main shareholder will be the state," said Ireneusz Król. The company's poor financial condition is a result of a conflict the company faced with the tax office. (Puls Biznesu, pp. 1, 10) A.K.