Huta Katowice considers two investors to raise $1 billion

Wrobel also estimates that the investors may invest $1 billion. Two firms are interested in becoming investors at Huta Katowice, Britain-based Corus and Italy-based Danieli. “The Treasury Minister let the firm’s management conduct negotiations with investors,” said Wrobel. According to him the Minister will be able to sign the privatization documents by June 2000. The steel mill is considering two investors based on its need to modernize two parts of its production lines each worth about $500 million. (Gazeta Wyborcza, page 23)