LNM wins exclusive talks for PHS
The LNM Group, one of the world's largest steel producers, has been selected by Treasury Ministry of
Poland to enter into exclusive negotiations for the privatisation of PHS.
The final negotiations on PHS are scheduled to initiate in the next couple of days and will end on August 22.
Polish Treasury Ministry stated that the treasury could hold exclusivity talks with
US Steel, if the talks with LNM fail.
PHS expects to convert its debts to profit and to make new
investments at a cost of $1 billion by this privatisation.
LNM produces 35 million tons of steel per annum and sells in more than 50 countries.