Parties to return to negotiating table over sugar consortium

The Treasury Ministry plans to find a consortium of banks, which will lend zł. 700 million to finance the fall production campaign of over 20 sugar mills, belonging to sugar company Krajowa Spółka Cukrowa (KSC). It is most likely that it would be set up by Banks PKO BP, BGŻ, BOŚ and Kredyt Bank. However, so far none of the institutions invited to participate in the consortium have expressed their willingness in joining the project. "The company lacks credibility and state assurances. According to our information only two plants still have open credit lines. KSC's representatives did not make a good impression on us, as the company has no president, while the person acting as its director lacks determination," said a person willing to remain anonymous and working for one of the banks taking part in the n egotiations. However, Józef Woźniakowski, Deputy Treasury Minister, assures that all interested parties would return to negotiations. (Puls Biznesu, pp. 1, 6) M.M.