Nafta Polska gasses up for huge chemical plant sell-off

Nafta Polska (NP), the state company responsible for privatization of the sector announced it initially received 37 offers from potential investors. Following verification, 30 offers submitted by 16 companies fulfilled requirements. The largest companies among the potential buyers include Ciech, Germany's Petro Carbo Chem and Anwil in cooperation with Orlen. NP representatives do not want to reveal the value of the four plants. "Until August 9, the investors will deliver their investment plans, which will be recognized as binding. On this basis we will short list a few companies. During the month of September, the potential investors will be able to carry out due diligence in the chemical plants. We expect to finalize the privatization by the end of this year," reveals Cezary Nowosad, NP's member of board. (Puls Biznesu, pp. 1, 5) A.K.