Delayed privatization of Dalmor due to fleet challenges

The privatization of the Dalmor fishing company, due at the beginning of 2001, may be delayed due to State Treasury plans. If the Treasury does not decide to exempt sea-going fleets from the structures of the company before selling, then privatization may be delayed for another few months. "We are receiving the final analysis from our advisor; over the next two weeks we should be able to invite potential investors to begin talks. Privatization should be accomplished in the first half of 2001," said State Treasury spokesperson Magda Nienaltowska. "We have the sent privatization plan to the Ministry, but we have not yet received any official statement," said Tadeusz Kaminski from Dalmor. If the company is divided, as postulated by Dalmor's management, then it would be easier to find investors for on-land property. There should be many of them, since the company is spread over 192 thousand square meters. The fishing fleet can be harder to sell and the main problem is lack of fishing sites. "We try to overcome this by setting up joint ventures, e.g.: in New Zealand. The condition of our fleet is quite better than that Odra or Gryf," said Tadeusz Kaminski. (Puls Biznesu, page 1, 3)Delayed privatization of Dalmor due to fleet challenges