Boryszew to restructure capital group

Automotive components producer Boryszew plans group restructuring and divestments, the company’s CEO Piotr Szeliga was quoted as saying by ISBnews. Its recently announced tender for Hutmen shares is part of the process. Szeliga said that the process of selling some of the group’s subsidiaries and properties may generate PLN 200-300 million. These funds will be used for further development, also in new market segments, he added. Boryszew said earlier of Monday that it would announce a tender for all shares in metal elements producer Hutmen, in order to raise its stake to 100 percent. The company will then be taken off the stock exchange, Szeliga said.