Sour news from the Treasury Ministry for German sugar companies

The investor was trying to negotiate an annex to the contract which would allow PuL to transfer funds into the plants' capital instead of investing into the companies' assets. "If PuL injects capital into the plants, the State Treasury would not make any profit. All the benefit would be for the investor as he would increase his stake. Because the investment was not executed, PuL will have to pay a fine amounting to 100% of the liabilities," said Józef Woźniakowski, the Deputy State Treasury Minister. In related news, another German investor Nordzucker is demanding compensation totalling zł. 100 million from the State Treasury for not fulfilling its obligations. "When we entered Poland, we were promised we could buy four sugar plants. However, we were able to purchase only two plants which have a smaller market," claims Adam Koziołek, the representative of Nordzucker. (Puls Biznesu, p. 5) A.K.