Kety interested in Treasury Ministry sale of Impexmetal

Aluminum manufacturer Kety has been placed on the preliminary investor list for the Treasury Ministry's privatization of metals concern Impexmetal. The Ministry, which owns a 31.5% stake in Impexmetal, plans to invite bids from investors interested in the company next month. Kety President Jan Kryjak denied interest in the entire group but did say that Kety, a leader in the Polish aluminum sector, may ultimately be interested in Impexmetal's subsidiary, Huta Aluminium Konin (HAK). "Kety has been trading with HAK for a long time and it is understandable that we would want this co-operation to continue," Kryjak told Puls Biznesu. According to a source close to the tender, the details of Impexmetal's privatization are tentatively to be discussed with a ministry representative at the end of January. So far, several financial and foreign sector investors have already expressed their interest in the tender. A Puls Biznesu source confirms that interest in the privatization is large but may be due to the relatively low appraisal of Impexmetal's value on the Warsaw Stock Exchange (WSE) rather than actual interest in the privatization. (Puls Biznesu, p. 6) M.T.K.