Pipe delays

Towarzystwo Finansowe Silesia (TFS), which controls a 40.07% stake in WRJ, and which has permission from remaining shareholders to conduct negotiations on their behalf, has failed to announce which company would receive exclusive negotiating rights by June 20, as was earlier planned. Following negotiations, a restructuring plan is to be drafted for the controversial 25-year-old pipe-rolling mill which so far has cost the state zł.600 million and needs another zł.200 million for its completion.