Consortium chosen as adviser for sale of three steel mills

A Ministry spokeswoman says an agreement should be signed within two weeks. The selection of the three advisors is a new attempt to privatize Poland's second largest steel plant Huta im. T. Sendzimir S.A. along with smaller Cedlar and Florian mills. Meanwhile, the board of Poland's largest steel mill Huta Katowice S.A. is currently holding talks with its potential strategic investor British Steel. The company's offer has been preliminarily assessed by Huta Katowice's board as the most advantageous. British Steel is offering to buy up to 85% of Huta Katowice shares. The remaining 15% will be offered to the employees. Chase Manhattan Bank is Huta Katowice's privatization adviser. (Rzeczpospolita, page B3, Reuters)