New state-owned national sugar company to be created probably next week

According to an unofficial source quoted by Prawo i Gospodarka, on Monday the representatives of over twenty sugar mills will meet in the Treasury Ministry to sign the notary act creating a national state-owned sugar company, Krajowa Spolka Cukrowa (KSC). This new enterprise will be created from three state-owned sugar holdings, Mazowiecko-Kujawska, Poznansko- Pomorska and the Lubelsko Malopolska sugar companies. It is not known yet which one of them will play the leading role in the merger. The consol idation of the sugar mills will begin after KSC is officially registered. The fate of a forth sugar company, Slaska, remains unclear as the holding is involved in a major legal battle over sales of sugar to Saint Louis Sucre of France. A decision whether it will join KSC will only be made once legal proceedings finished. (Prawo i Gospodarka, pp. 1, 4) A.D.