BorsodChem to become the second foreign firm on the WSE

It will be the second foreign company, after Austrian BACA, listed on the WSE. BorsodChem submitted its issue prospectus on August 16 and yesterday the Securities and Exchange Commission (KPWiG) admitted its shares for public trading. The company's largest shareholder - Austrian investment fund Vienna Capital Partners, wants to sell 67.9% of BorsodChem's shares on international markets. According to Parkiet, the reason for the company's debut on the Warsaw floor may be its plans for expansion in Poland. BorsodChem, which three years ago tried to take over a Tarnów nitrate plant, may be interested in Polish chemical synthesis plants. BorsodChem is a largest PVC producer in the region. Last year it posted a net profit of HUF 6.36 billion (zł.111 million) against revenues of HUF 131.6 billion (zł.2.3 billion). (Parkiet, p. 1; Puls Biznesu, p. 6) E.B.