Ciech management interested in Kulczyk's offer
Major Polish chemical group Ciech sees opportunities in an investment from KI Chemistry, a unit of Kulczyk Holding, Ciech’s CEO Dariusz Krawczyk told the Polish Press Agency in an interview.
“We we carefully analyze the development proposals for our company that the new investor has presented. We have our own ideas, but we are open to new challenges,” Krawczyk said.
KI Chemistry has a lot of experience in international projects, the CEO stressed, it also has access to capital. This could be helpful for Ciech.
Krawczyk also upheld the management’s earlier stance saying that the price offered by KI Chemistry, PLN 29.5 for each Ciech share, is fair.
In early March, KI Chemistry announced a tender offer for 66 percent in Ciech. Subscriptions are scheduled for March 25 – April 25.
