KGHM to diversify and possibly float companies on stock exchange
KGHM, the Polish copper corporation, is considering introducing the shares
of its three dependent companies: Pol-Miedz-Trans, Metraco and Energetyka to
the Warsaw Stock Exchange (WSE), said KGHM president Stanislaw Speczik,
during a press conference on Friday. He did not disclose any further details
of the project. He also announced that the company's supervisory board is to
present a 40 year development strategy at its meeting on April 24-25. It is
expected that apart from presenting plans for restructuring of the company's
debts, the management will reveal diversification plans concerning inv
estment in market niches such as energy supply, lignite and gas mining. The
management, hopes that by the end of 2002 KGHM will have net profits of zl.
52 million and sales reaching zl. 4.25 billion. (Prawo i Gospodarka April
20-21, p. 3; Rzeczpospolita, p. B2) K.S.
