General Shareholders of Gdynia Shipyard vote today

Shares worth zł. 120 million might go to the State Treasury, although it is unlikely that shareholders will agree on this. Politicians, however, have presented a different offer, which envisages an increase in shipyard equity by a sum between zł. 30-300 million. In such a scenario, the State Treasury would acquire shares worth zł. 80 million and the Industrial Development Agency (ARP) would take over a stake worth zł. 40 million. "Thanks to this, the remaining shareholders as well as employees and creditors would be guaranteed that the restructuring program would continue," said a source close to the enterprise. The shares issued to the State Treasury and the ARP would be preferred stock. Consequently the Treasury, which currently controls a stake of 25%, could increase its share together with ARP up to 52%, and almost 65% of votes during a General Shareholders Meeting. (Puls Biznesu, p. 7) A.K.