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News Release from: ThyssenKrupp Steel
Edited by the Manufacturingtalk Editorial
Team on 02 July 2002
Polish steel privitisation excludes EU
bids
Though steel mill privitisation policies in Poland did not favour the offers submitted by EU steel companies consortium, individual consortium members continue to offer participation.
On October 8th, 2001, the Consortium composed of Arcelor, Salzgitter and ThyssenKrupp Stahl had submitted a global offer for the acquisition of selected assets of the four Polish steel mills: Huta Katowice, Huta im T Sendzimira, Huta Cedler and Huta Florian
This article was originally published on Manufacturingtalk on 25 Jul 2001 at 8.00am (UK)
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The submitted offer expired by end of 2001, but all Consortium members are still interested to participate in the successful reorganisation of the Polish steel industry.
The latest developments in this privatisation process, with the creation of Polskie Huty Stali (PHS) and its foreseen investment programme, however, appear not to be in line anymore with the aforementioned developed offer.
In view to continue the jointly realised studies and in order to respect the interests of its members, the Consortium members decided to continue acting on an individual basis in the future.
Each member will have the opportunity to represent itself directly in this privatisation process and contact the Polish authorities in order to receive clarification and initiate further actions on the new terms and timing of the privatisation process of the Polish steel industry.
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