Ropczyce's merger with Włostów Sugar Plant gets the green light

The majority of shareholders of the Ropczyce Sugar Plant voted on Friday to merge the company with another sugar mill - Włostów. Both companies are controlled by German Sudzucker, but as much as 43% of Ropczyce's stock belongs to its competitor, the National Sugar Company (KSC). After the merger with Ropczyce, the Włostów Sugar Plant will start processing lucerne. The Friday shareholders meeting was a continuation of an earlier one that began a few weeks ago which was suspended by KSC representatives who wanted to check on how the merger would influence Ropczyce's share standing. It is rumored in Ropczyce that KSC wanted to block the merger as they felt the consolidation was unfavorable for their own interests. Ropczyce president Stanisław Misztal complained that, "During the shareholders meeting no analyses of the effects of the merger were presented". (Puls Biznesu, p. 9) D.W.