Mostostal Zabrze puts Nemo Wodny Swiat waterworld on the rocks

The long awaited construction of an aqua-park in Bielsko-Biala, recently launched by Nemo Wodny Swiat (NWS), may not be completed as one of NWS's major shareholders, construction company Mostostal Zabrze (MZ), has filed for its liquidation. Rumors are in circulation that in this way MZ wants to avoid investing in the realization of the project. MZ holds a 24.6% stake in NWS, worth zl. 1.75 million. Under NWS's statute, it is MZ which is supposed to be the general contractor of the project, provided that NWS signs a credit agreement. "Mostostal was supposed to invest around zl. 5 million in the project, however to date NWS has failed to obtain the financial resources necessary for its realization. Six banks have already refused to grant the required loan. We doubt whether the project is profitable, and so we decided to liquidate NWS," said MZ spokesperson Maja Lidke. She added that if the court decides not to liquidate it, MZ will sell its stake in NWS. However, NWS's remaining shareholders, Zielen Miejska Bielskie Przedsiebiorstwo Budownictwa Przemyslowego and Nemo Investment, have no intention of withdrawing from the project. They have already selected a new contractor and are holding talks with a bank whose name they refused to disclose. (Puls Biznesu, p. 9) A.Z.