Steel Prices |  Historical Steel Prices  |  Latest Steel News  |  Steel Companies
Member Login Turkish Italian China
Forgot Password  |   Credit Card Payment

Poland to discuss privatisation with European Commission


Tags: Poland , Europe , US Steel | similar articles »

Developments on the current privtisation plan for the Polish state owned steel mills will be discussed between the Polish Ministers and European Commission in the meeting to be held in Warsaw, in September. The Commission's consultants study the post privatisation long term situation of the mills. This situation is seen as the last obstacle before Poland becomes a member of the European Union. Poland is scheduled to access the EU by 2004 however the steel mills restructuring plan needs to be fulfilled by September, in order to meet that date. If a satisfactory agreement with the Commission can be reached, the European Council of Ministers will grant a five year grace period where state aid will be allowed. Polish government considers selling part of the debt in the form of equity. According to reports LNM Holdings, Arcelor and US Steel are among the companies who might consider buying the Polish mills.
Back All Articles


Most Recent Related Articles
Frequently Asked Questions
Member Conduct Rules
Privacy & Security
About us
Site Map
Contact us
News Partners
Advertising
Reports & Publications
Consultancy
Prime
 Facebook Wall 

 SteelOrbis Tweets 

 SteelOrbis RSS Feeds

 SteelOrbis Mobile
SSL     Copyright © SteelOrbis Electronic Marketplace Inc.
    All Rights Reserved