National Sugar Corporation awaits share transfers from State Treasury

Deputy Treasury Minister Józef Woźniakowski, stressed that the Ministry would transfer shares of sugar plants, which were sold to foreign investors and might also give some shares in stock-listed companies. "The value of the transfers has yet to be f inalized and I cannot reveal whether we will give them TPSA shares. KSC needs money to strengthen its position in negotiating development loans," explained Woźniakowski. Deputies from the Sejm Treasury Commission, believe the value of the transfer should be equal to the costs of restructuring employment, which is estimated at zł. 143 million, as well as zł. 160 million to supplement gaps in KSC working capital. (Puls Biznesu, pp. 1, 6) M.M.