The Polish Chemical Consortium (PKCh) that was established in November last year in order to acquire Anwil has new shareholders. Today Zakłady Azotowe in Tarnów-Mościce (Azoty Tarnów) and Zakłady Azotowe Kędzierzyn (ZAK) joined PKCh and declared to take up a 25% stake each in the previously increased share capital of this company, Ciech took up the remaining 50% stake. At the same time Ciech, Azoty Tarnów, ZAK and PKCh signed up a Shareholders Agreement regulating principles of cooperation between the parties as regards the future purchase of a controlling block of shares of Anwill SA.
In October last year, Azoty Tarnów, ZAK and Ciech signed up a Letter of Intent concerning the above matter. One of first intentions of the parties was to incorporate a special-purpose vehicle representing signatories of the letter in the planned transaction. The next step was to register PKCh on 23 December last year. This joining of Azoty Tarnów and ZAK completes, in accordance with a plan, the formal preparation of the company for the future purchase of a controlling block of shares of Anwil.
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press release download:  Azoty Tarnów and ZAK joined the Polish Chemical Consortium |
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The Ciech Chemical Group is the biggest chemical concern in Poland and one of the leaders on the Central-European market. It consists of over 30 companies; it is found in the group of a hundred biggest business entities in Poland. The Group’s main products include soda ash (the second place in Europe), salt, phosphatic and mixed fertilizers, pesticides, epoxy and polyester resins and other organic chemistry products used in glass-making, furniture and construction industry and in agriculture. With its annual income at the level of about PLN 3,5 billion, the Ciech Chemical Group is rated among the first hundred of the biggest Polish companies (49th place on the “List 500” of Polityka and 59th place on the “List 500” of Rzeczpospolita for the year 2007). Since February 2005, Ciech has been quoted on the Warsaw Stock Exchange. Company’s major shareholders include the State Treasury (36,68% of shares and votes at the General Meeting of Shareholders), Pioneer Pekao Investment Management SA (18,77%), Open Pension Fund PZU “Złota Jesień” (6,12%). Further information available at www.ciech.com
Media contact:
Krzysztof Grad, spokesman for the Ciech Chemical Group, Head of the Communications Office of Ciech SA,
phone number.: (0 22) 639 13 18, mobile: 0 669 600 011, e-mail: krzysztof.grad@ciech.com |