Oil giants draw up shares formula to resolve chemical debts

The list of debtors includes the Puławy, Police, Kędzierzyn and Tarnów chemical plants that owe PGNiG and Nafta Polska a total of zł. 550 million, of which zł.480 million are obligations that have to be paid immediately. The chemical debtors are anxiously watching the negotiations because they could affect the price of their shares shortly before they debut on WSE. A question still remains over who would buy the debts. In the case of Tarnów and Kędzierzyn this could be Orlen-owned, Anvil, and in the case of Puławy and Police these could be foreign investors like Norwegian Yara or Finnish Kemira. For the time being though, Nafta Polska and PGNiG are preparing valuations of debts. (Puls Biznesu p.1,9) M.G.