Stalexport to take over Huta Labedy from Treasury Min.

Gliwice-based steel mill Huta Labedy wants to merge with Elstal Labedy, in which Stalexport S.A. has a 58% stake. The plan has already been accepted by the Treasury Ministry and provides for Stalexport taking over the entire stakes of Elstal-Labedy from the Treasury in return for fulfilling the company's obligations and in the long run merging Huta Labedy which is owned Treasury with Elstal Labedy. These conversions are to be preceded by Huta Labedy 's privatization. Both companies face serious financial problems. The merger is expected to improve the situation. (Puls Biznesu, page 5) E.B.