Ciech plans to raise around zł.200 million from its October floatation

The funds will be used to acquire another chemical concern. The company is considering the purchase of Bydgoszcz-based Zachem or Sarzyna-based Organika. Ciech representatives recently announced that the firm's strategy up to 2007 will be based on two fundamental market segments: soda and pharmaceuticals. "In June we will finalize work on our issue prospectus," announced Ciech president Ludwik Klinkosz. Following the issue, the State Treasury's stake in the company will fall from the current 52% to 40%. (Rzeczpospolita, p. B5) A.K.