Ispat one of four investors for Czestochowa Steel Mill

According to the State Treasury, there are four potential investors for the Czestochowa Steel Mill, a company currently leasing assets belonging to Huta Czestochowa, and owned by the Silesia Financial Group. Deputy Treasury Minister Andrzej Szarawarski confirmed the interest of India-based Ispat, which is a part of LNM, but refused to name the remaining three, mentioning only that one of them is based in the USA, though not US Steel, and another is from Korea. "Besides these two companies, there is another potential investor, which has been interested in the steel plant for quite some time now," Szarawarski said. Financial aid is also expected from Kredyt Bank. If the due diligence, currently in progress, is concluded successfully, the bank will grant a loan of zl. 50 million - zl. 80 million for working capital. (Puls Biznesu, p. 5) A.K.