KGHM's plans to float four of its subsidiaries takes shape

Copper conglomerate KGHM Polska Miedź is looking for a company to advise it on the floatation of four of its subsidiaries, Metraco, Pol Miedź Trans, Mercus and Interferie. KGHM president Stanisław Speczik, said that the companies have a joint value of about zł. 1 billion. "They post profits and have stable and healthy revenues. However, they still have potential to further grow and have managed to become independent from KGHM," explained Speczik. This is not the first time that information about the planned floatation was reported. "Now that we have restructured them, we are much closer to taking the final decision," announced the KGHM president. Two investments funds belonging to the copper concern, DSI and KGHM Metale, will also be restructured. "DSI will remain an investment fund and take over some tasks from the other company. Metale in turn will focus on processing our production waste and rejects," concluded Speczik. (Puls Biznesu, p. 9) M.M.