Treasury Ministry invites foreign investors to bid in steel sector privatization

The Treasury Ministry on Friday invited a select number of foreign steel producers to take part in the privatization of Sendzimira, Katowice, Florian and Cedler steel mills, constituting the core players of the domestic steel industry. The Ministry says it favors strong strategic investors that would be allowed to chose between applying for one or a group of the mills, but would give preference to those international players interested in investing in more than half of the mills. The deadline to submit applications to participate in the privatization has been set for the end of January 2001. EVIP International, the consortium Business, Management & Finance and Robert Fleming and Co. have been chosen as advisers to the privatization. (Gazeta Wyborcza, Dec. 2-3, p.26)