Huta Katowice coke plant to be privatized to raise funds for capital upgrade

In practice, it is an introduction to the privatization of the biggest coke plant in Europe. According to the president of Huta Katowice Miroslaw Wrobel, beginning Sept. 1, the coke plant will become a limited liability company in which Huta Katowice will hold 100% of the shares. However, at the same time the search for a strategic investor will begin. According to unofficial sources, several foreign companies are interested. "The privatization is necessary because the coke plant needs more than zl. 200 million for capital improvements," explains Wrobel. (Prawo i Gospodarka, page 2)