Two nitrogen plants bought for higher price by German PCC

The contract was signed by German Petro Carbo Chem, which paid in total zł.100 million for Kędzierzyn and zł.365.8 million for Tarnów, which is respectively zł.4 million and zł.29.8 million more than initially offered. In the first of the plants the investor will spend an additional zł.360 million, which is two and half times more than planned, and zł.500 million in the other plant, which is also two and a half times more than that offered. "The plants require substantial investments," said Piotr Maciejewski representing PCC. The change in the bid and planned investments levels were substantially affected by strong competition from Orlen-controlled Anwil, which was deeply interested in acquiring the plants. (Puls Biznesu, pp. 1, 11) M.M.