Chemical sector consolidation to be led by Nafta Polska

The new restructuring plans for the chemical sector are slowly gaining shape . The various proposals should be approved by the Cabinet by the end of May. Until now it was not known which companies would constitute the core of the consolidated sector, but it seems that their shares will be combined with Na fta Polska (NP). This would mean the enlarged NP portfolio would include the nitrate plants of ZA Pulawy, ZA Tarnow, ZA Kedzierzyn as well as the ZCh Pol ice chemical plant. The State Treasury wants oil giant PKN Orlen to take par t in the consolidation of the industry. According to the Treasury there are future plans to create a fertilizing conglomerate, with Polish Oil and Gas (PGNiG) and the state owned chemical company Ciech, as its main shareholders . The holding would then be floated on the Warsaw Stock Exchange (WSE) with the State Treasury retaining a controlling stake. (Puls Biznesu, p. 4) M.T.K .