Three potential investors short listed to negotiate for Huta Katowice stake

Responses from the companies are expected within three weeks. According to Huta Katowice president Miroslaw Wrobel British Steel is the most interested in purchasing the stake in the mill. He added that probably the British company will offer to purchase the mill’s assets together with its debts. The British -Dutch consortium also wants to purchase Huta Sendzimira, Huta Cedler and Huta Florian steel mills which would mean taking over the Polish steel market. The value of Huta Katowice assets was not disclosed but according to market analysts strategic investors will have to invest $1 billion in the steel mill. (Rzeczpospolita, page B3)