Ciech to form new phosphor firm thru funds from flotation

"As a result of the flotation, the share of the state would drop to 37%, but it will, however, remain its major shareholder," said Marek Klat, a Ciech spokesperson. Ciech, which hopes to float on the floor in September, is currently conducting negotiations concerning the creation of the new company but would reveal neither details of the other companies involved nor which would be the dominant party in a merger. "An important issue will be their potential, but we will discuss details in June," said Klat. (Puls Biznesu, pp. 1, 5) M.M.