Polfa Warszawa-PHF conflict reaches a climax

There are no doubts that this is the latest round of the conflict between Polfa and PHF. By the end of May, Polfa president Andrzej Tyrała turned to court in order to withdraw a regulation which introduced a change to the company's statute according to which PHF, which controls 80% of Polfa gets full access to strategic information concerning the plant. Tyrała tried to convince the court that such broad privileges could hurt Polfa. This case has caused confusion not only in the holding but also in the State Treasury which controls PHF. On Wednesday, Deputy Treasury Minister Stanisław Speczik warned that if the Polfa Warszawa president will not obey PHF regulations and the decisions of the Ministry he will be sacked. The next move is now in the hands of the supervisory board. (Puls Biznesu, p. 8) A.K.