Tractor manufacturer Ursus preparing for privatization

Although the privatization of tractor manufacturer Ursus parent company is scheduled for next year its affiliates are already going into private hands. Next month two of them Zaklad Podwozi and Fabryka Metalurgiczna Ursus will have a new, Italian owner. Deputy Treasury Minister Barbara Litak-Zarebska said, "The privatization of Zaklady Przemyslu Ciagnikowego Ursus should be completed by 2001." The first step towards the finalization of the process will be the choice of the privatization adviser. Ursus is counting on a sector investor that would provide new markets and modern technologies. However other voices are saying that capital privatization is more likely. (Prawo i Gospodarka, page 3, Rzeczpospolita, page B3)