Treasury delays sale of 26.5% Impexmetal stake, won’t float it on bourse

The Treasury’s sale of a 26.5% stake in metal trading company Impexmetal is behind schedule and probably will not be completed in the first quarter of this year as planned. The Treasury has decided only that the stake will not be offered on the stock exchange, but selected investors will be invited for talks. According to sector analysts, likely candidates are the investment funds already holding over 25% in Impexmetal, Nomura and Franklin/Templeton funds. After acquiring a majority stake the investors could sell it to an entity from the metals sector. The Treasury currently holds 31.5% in Impexmetal, intending to keep 5% for property restitution purposes. (Puls Biznesu, p.5) T.J.