Donbas says it will float the Częstochowa Steel Mill

According to Konstanty Litwinow, Donbas' representative in Poland, a group of analysts are currently working on the best solution. "Most opinions are that this is not a very good time for an offer, however, we do not exclude this possibility," said Litwinow. He also explained that before the debut, the steel mills' structure has to be improved, which will result in increasing the company's value and financial results. "This is part of the restructuring program we promised to fulfill in the privatization agreement. At the moment various companies from the capital group provide services for one another. By liquidating this structure we will streamline the firm's functioning and eliminate unnecessary costs," explained Litwinow. If the Częstochowa Steel Mill enters the Warsaw Stock Exchange it will be one of the largest companies from the sector quoted on the bourse. At the end of Q3 the company's net profit was over zł.100 million. (Parkiet, p. 4, Puls Biznesu, p. 10) A.F.