Dominant lime plant sold under the privatization hammer

Cementownia Ozarow (CO), owned by Cement Roadstone Holding of Ireland, will pay close to euro 25 million for a 85% stake in lime plant Zaklady Przemyslu Wapienniczego Trzuskawica. Today, CO will sign a privatization agreement, having received a green light for the deal from the Office for Consumer and Competition Protection. It is understood that CO will invest around euro 30 million in Trzuskawica over several years to help modernize its production lines. Although the deal excludes a social package for employees, they have received satisfactory employment guarantees. ZPW Trzuskawica is the largest lime plant in Poland and at the same time the last one remaining in state hands. It boasts a 30% market share. (Prawo i Gospodarka, p. 6) A.Z.