In Brief: Elektrim pulls out of PAK; MKC sale; Wagon; World Bank loan
Elektrim has resigned from the process of privatization of the Pątnów-Adamów-Konin (PAK) power plants. Piotr Nurowski, Elektrim's president, announced plans to seek not less than EUR 250 million from the State Treasury as compensation for incurred costs. (Parkiet, p. 4) ... Negotiations concerning the purchase of MK Café & Tea (MKC) by coffee producer Elite should be finalized by the end of the year. MKC's value is estimated at zł. 200 million. (Rzeczpospolita, p. B4) ... After the bankruptcy of Ostrów-based Wagon plant, its assets will be leased by the State Treasury, Rzeczpospolita has learned unofficially. The company will go bankrupt because the management is not capable of presenting a restructuring plan of the plant to the Industrial Development Agency (ARP) by the end of the week. (Rzeczpospolita, p. B4) ... If the government passes the bill on restructuring the coal mines, and can present a viable restructuring and privatization plan for the mines, a World Bank loan of $500 million for the sector will be forthcoming. (Rzeczpospolita, pp. A1, B1) A.K.
