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Ciech moves to take over ZA Pulawy nitrogen plant

"This would be a sector sensation, but I would not be surprised with such scenario," said Piotr Wisniewski, analyst of AmerBrokers. The State Treasury refused to reveal any details and according to Ciech spokesman Waldemar Grzegorczyk "Pulawy is definitely an interesting company, but in relation to plans of acquisition we will unveil our strategy in the middle of May." Rzeczpospolita claims the Boston Consulting Group, which is preparing the strategy for the company recommended the purchase. "The consumption of fertilizers increased by 20% in 2006," said Rafal Kuzmiczonek, spokesman of Chemical Plant (Zch) Police. Ciech would have to spend at least zl.800-900 million for the transaction, but this would fit into its continuing attempts to build a national chemical company worth zl.4 billion. (Rzeczpospolita, pp. A1, B3) M.M.

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