Ukrainian Donbas has ambitious investment plans

PZD has already taken over a large percentage of a share issue conducted by domestic publicly listed Pekpol. Pekpol has changed its name to Arksteel, as well as its scope of activities to the production of steel products. The company also plans to increase its capital from zł. 6.6 million to zł. 380 million. The Ukrainian conglomerate plans to take over the Częstochowa Steel Mill through this domestic venture. Potential investors for this bid are to be shortlisted in January. The new supervisory board of Pekpol, includes Sergiej Taruta, PZD President, his deputy Aleksander Pilipienko, and Lech Skrzypczyk, who is a former president of the mill in Częstochowa and the Polish Steel Mills (PHS). (Parkiet, p. 3; Puls Biznesu, p. 14) A.K.