Treasury Minister's decision on ZCH Police sale expected within days

The Treasury Ministry plans to cancel the planned sale of chemical works ZCH Police, after talks with the sole potential buyer, the consortium of Anwil and PKN Orlen, proved unsatisfactory. The final decision rests with Treasury Minister Aldona Kamela-Sowinska, who according to Ministry sources quoted by Puls Biznesu will make an announcement within the next few days. Jacek Grabarczuk, head of the Treasury's Department of Strategic Companies, explained that the reasons for cancelling the sale are the low valuation of ZCH Police by the potential purchaser, and the absence of any agreement with the workforce on social benefits. Krzysztof Kaczorowski, president of Anwil, said, "We wish the Treasury good luck in finding an investor for Police. The plan for a merger with Anwil was the best possible. It will be hard for us to find a better solution." He said that even should the Treasury decide against the sale, he would still expect the new government "to have a better understanding of the problem." (Puls Biznesu, p. 3) P.W.