Deal to sell slice of FSO to Ukrainian AwtoZAZ could come in April

The Ministry announced yesterday that "both sides have come to an agreement concerning significant elements of the future contract to sell the stake and the method of solving other issues, including public aid which is to be received by FSO." Deputy Treasury Minister Dariusz Witkowski announced that he expects that the contract will be signed in the beginning of April. The Ministry and the future investor have also decided that the conflict with Kamco, which is demanding $570 million compensation from the car manufacturer, will not play a role in the negotiations. "We have also informed the investor that this week the State Treasury will make the decision concerning the zł.26 million donation to employees of FSO who were laid off," said Dariusz Witkowski. (Puls Biznesu, p. 11) A.K.