Impexmetal's aluminum mill sell-off scheme provokes immediate response

Impexmetal could receive as much as zł.350 million for its stake in the Aluminum Konin-Impexmetal (AKI) aluminum mill, after it sent letters to potential investors, including Grupa Kęty and global concerns, such as Alcan and Alcoa. "As part of designing a new strategy for the company, we plan to measure interest in purchasing all our shares in AKI. However the final decision concerning the disposal of the equity has not been made," revealed Krzysztof Adamski, a member of Impexmetal's management board. AKI, of which an 88% stake is owned by Impexmetal, is the only producer of primary aluminum in the country and also the largest domestic producer of aluminum sheets. "I estimate the value of the stake at roughly zł.300 million," commented Michał Marczak, an analyst at DI BRE Bank. Jan Kryjak, president of Grupa Kęty, said, "We are interested in the whole stake or at least 75%." (Parkiet, p. 1) M.M.