Nowa Szczecin and Gdynia build new shipyard entity

The first step in the process of consolidation came with the State Treasury reaching an agreement with the Gdynia Shipyard to increase the new company's capital by zł.80 million. The next step will see SSN purchase the assets of the Porta Holding group. According to earlier estimates, SSN was to pay between zł.110-130 million, but the ARP's president has revealed that the agency also wants to buy up additional companies belonging to the group, such as Porta Styl and Porta Transport, which means that figure is now likely to rise to around zł.200 million. Although the ARP is still short of zł.90 million, the State Treasury has promised it zł.30 million from the state restructuring fund and further cash to be borne of the ongoing privatization process within the country as a whole. (Puls Biznesu, pp. 1, 9) E.B.