Donbas successfully passes another stage of the HCz tender

Yesterday was the deadline for Donbas to agree the price for the company with Towarzystwo Finansowe Silesia (TFS) and the board of the steel mill. Until now the Ukrainians offered zł.1.1 billion. "We have reached an agreement on the sum and Donbas was admitted to another stage of negotiations," declared the president of TFS Tadeusz Wenecki, while Konstanty Litwinow, Donbas' representative cautiously stated, "We have fulfilled the conditions set by the selling party." According to Puls Biznesu sources, Donbas promised to increase the price to the level proposed by Mittal Steel, its competitor in the tender for the mill, which means that it will add zł.140 million to its current zł.1.1 billion offer. Such a move by Donbas is considered to be surprising as so far the representatives of Donbas emphasized that the price may be increased only due to the reduction of outlays for investments or on the social package. (Puls Biznesu, pp. 1, 6) E.B.