Gdynia Shipyard to recruit strategic investor

The sale would involve a new issue of some 10 million preferred shares at a minimum issue price of 20 zl. per share, giving the investor 51.5% of votes at the general shareholders meeting, said company president Krzysztof Banaszak. The shipyard allegedly held talks on the stake with the European Bank for Reconstruction and Development (EBRD). It also plans to offer a 18.4% stake to its employees. Right now, the State Treasury holds 46% of the shipyard's stake Other shipyard investors include Pomorski Bank Kredytowy S.A. (PBK) and Bank Handlowy S.A. (BH). (Nowa Europa, page 1)