LNM reflects on investments and steels itself for Brussels

The management of the company wants to invest at least zł. 2.4 billion, yet according to early estimates by analysts, this sum may total at least zł.1.7 billion more should it prove profitable to carry out a costly modernization of the Huta Sendzimir steel mill. Meanwhile, LNM's plans to purchase the assets of the Huta Częstochowa steel mill must now be approved by the European Commission.Otherwise the government may stand accused of breaking regulations regarding state aid for private enterprises. Additionally, Brussels may yet object to the transaction on the grounds it would give LNM a monopolistic position within the market. (Puls Biznesu, p. 7) M.K.