Treasury asks investors to bid again for Impexmetal

The Treasury Ministry has rejected the binding offer of Boryszew, the chemical and plastic materials producer, to buy a 31.5% stake in Impexmetal, a publicly listed company from the non-ferrous metals sector. Although Boryszew's offer was the only binding one, no justification for the decision has been given. All four original potential investors have been invited to further negotiations on buying Impexmetal shares. Boryszew, Bancroft UK Ltd., BRE Bank and Cornerstone Partners have been asked to submit binding offers by September 7th. A member of Boryszew's management board, Waldemar Zwierz, stated that his company will not withdraw from the bid and will submit its offer again. However, he refused to reveal how Boryszew's offer will be modified. (Parkiet, p.1; Puls Biznesu, pp.1,9) E.B.