Impexmetal prepares for zł. 80 million bonds issue

Metal trader, Impexmetal, whose liabilities stand at over zł. 500 million, is very likely to shore up its financial balance. The company's management is going to meet representatives of the Templeton fund, which owns a 15% stake in Impexmetal, in order to discuss the conditions for a convertible bonds issue valued at zł. 80 million. "This decision has made way for concrete actions" said Impexmetal management member Krzysztof Adamski. He also added that the company's current priority was the successful sale of Huta Zawiercie. Impexmetal is negotiating a contract with Commercial Metals International, which is rumored to have offered zł. 160 million for the steel mill. This transaction could end our major financial problems," said Adamski. (Puls Biznesu, p. 8) A.Z.