Szczecin Steel Mill to be taken over by Russian firm?

Rumors are spreading that the Szczecin Steel Mill (Huta Szczecin - HS) might be taken over by a Russian competitor. A Russian concern, the name of which has not yet been disclosed, is interested in buying a majority package of Huta Szczecin shares, according to HS President Halina Trzcinska. Centrozap, the majority shareholder of the mill is to decide on the choice of investor. It is also unofficially known that Russia's Tulaczernet plans to invest in a domestic producer of foundry pig iron, presumably HS - the country's only such producer. The indebted steel mill awaits the decision of the city authorities to guarantee its zl. 8 million operating loan. (Puls Biznesu, p. 3) P.W.