Mittal Steel to be tempted with shares in coking plant

The management of TFS hopes that the shares will catch the interest of Mittal Steel Poland, which is one of the major shareholders in the company. "According to the deeds of the company, the preemptive rights rest with the remaining shareholders, in this case Mittal Steel Poland," said Tadeusz Wenecki, president of TFS. Mittal already owns a 91% stake in KZ, but it might not be interested in purchasing the remaining stock, as KZ's valuation is very high. Regardless of whether Mittal will acquire the shares or not, it will govern the company without any problems. Last year, KZ acquired bonds issued by Mittal Steel Holdings registered in the Dutch Antilles for zł.960 million and TFS not only did not receive dividends for 2004, but also had nothing to say about this transaction. (Puls Biznesu, pp. 1, 7) M.M.