Today the Polish Chemical Consortium Limited Liability Company (PKCh) entered into the register of entrepreneurs kept by the District Court for the capital city in Warsaw, XIII Commercial Division of the National Court Register under number KRS 0000319998.
The share capital of the Polish Chemical Consortium Ltd stands at minimal level of PLN 50 thousand so far (1000 shares at PLN 50). Ciech subscribed all shares. The capital will ultimately increase up to the level enabling the completion of company’s tasks. Mr Ryszard Kunicki is a President of the Management Board of PKCh. Foundation and registration of the consortium results from the resolutions enclosed in the Letter of Intent dated 9 October. Ciech SA, Zakłady Azotowe Kędzierzyn SA (ZAK) and Zakłady Azotowe in Tarnów-Mościce SA (Azoty Tarnów) declared then willingness to take over a controlling block of shares of Anwil SA, and 87,5% of Anwil SA belongs nowadays to capital group of PKN Orlen SA.
In accordance with the above resolutions, the target level of shareholding in the Polish Chemical Consortium will be 50% for Ciech, whereas 25% for Azoty Tarnów and 25% for ZAK while joining the company and taking shares after increase of future share capital.
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press release download:  The Polish Chemical Consortium Ltd registered |
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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 |