Rudoport shareholders to decide on investment in Pollex for ore terminal

The Extraordinary General Shareholders' Meeting of Rudoport, whose majority shareholder is Huta Katowice (HK) steel mill, will decide on November. 23 about capital investment of Pollex, a fuel sector company. This new shareholder is to pay for construction of a terminal for ore reloading and storage costing approximately zl. 327 million. The decision to be taken involves increasing the company's capital from its present level of zl. 7.8 million to zl. 10.3 million. Current shareholders of Rudoport will be excluded from purchasing shares and the whole stake is to be taken over by Pollex. "Pollex is more credit worthy than Huta Katowice and that is why it would be easier to obtain the money. However, Huta Katowice will keep the majority stake." said Mariusz Kwasniewski of HK.. (Puls Biznesu, p.4)