Steel mill up for grabs for zl. 235 million after receiver announces tender

The receiver of Huta Baildon SA steel mill yesterday announced a tender for the sale of the whole company at the price of zl. 235.6 million. The surety stands at 1% of the price and the offers can be filed by the end of October. The company consists of real estates in such cities as Katowice, Warszawa, Ujsoly. Huta Baildon announced its bankruptcy in the middle of May. Its liabilities exceed zl. 500 million. The main creditors are ZUS, the Treasury and various banks. In spite of the court's permission for the company to continue its activities until the end of this year, the mill currently stands idle. (Prawo i Gospodarka, p. 4) P.J.