DEC privatization by end '99, Ernst & Young to advise

DEC owns about 11,500 tanks which are leased to companies which transport fuels or fluid chemicals. Last year, the company moved 95% of the fuel transported by rail in Poland. "We maintain our market position despite the fact that international transport companies can operate freely in Poland," said DEC management president Stefan Garus. The manner of privatization was not revealed. Said Garus: "We still do not know if there will be a large strategic investor or if the company's shares will be traded on the Warsaw Stock Exchange (WSE)." In February the company chose Ernst & Young to define DEC's privatization strategy and restructuring plan. (Prawo i Gospodarka, page 3)