PCC to lobby Prime Minister over sale of nitrogen plants

Instead, the company wants to direct the attention of Prime Minister Jaroslaw Kaczynski at the unfortunate, in its opinion, decision of the Treasury Minister who refused the company a right to buy the 80% stake in the plants. "Our lawyers are analyzing whether the way in which the decision was taken conformed with European legislation and regulations of mutual protection of investments in Poland and in Germany," said Piotr Maciejewski, representative of PCC in Poland. The investor claims that the Treasury Minister did not give the company the opportunity to explain its stance, while it communicated its decision via the ministry's websites. The investor pledged to invest zl.500 million in the two plants so it is not going to increase its offer. If it is refused the right to purchase the plants, "We will carry out our investment plants in greenfield projects. We might locate some of the investments in Ukraine due to high costs of raw materials and energy," said Maciejewski. (Puls Biznesu, pp. 1, 7) M.M.