Environment Fund seeks veto over Stalexport's plans

One of the two companies considered is Italian Autostrade, which has entered a consortium with Stalexport regarding the concession to manage several stretches of motorway's in Poland - including A1 Stryków-Pyrzowice and A2 Stryków-Konotopa. An investor should  take over Stalexport's debt, says company president Emil Wasacz. However, he refused to reveal any details as talks are in progress. Stalexport has to pay zl.136 million to its creditors by June 2008. It also owes zl.77 million to the state for collateral for Ostrowiec Steelwork and zl.87 million for Walcownia Rur Jednosc. Stalexport's largest shareholder, the national Fund for Environment Protection and Water Resources Management (NFOSiGW - 16.7% stake) is demanding changes to the company's statute to give the Fund the right to appoint supervisory board members as well as a veto right over Stalexport's shares transactions even if the Fund only has a 5% stake. (Parkiet, June 17-18, pp.1, 6) J.L.