nowa sekcja
Steel industry
Stalprodukt probed
over suspicious asset sale
LNM Group?s main Polish subsidiary is looking into the sale of valuable assets by publicly traded Stalprodukt steel plant last month. Stalprodukt, which is controlled by LNM?s Ispat Polska Stal steel holding received just 10 million zloty for the 60 percent stake in STP Investment, a holding company that owns almost 700.000 of parent company?s shares. At the time Stalprodukt traded at about 52 zloty per share, valuing STP Investment at almost 35 million zloty. A few days later the stock went up again after Stalprodukt posted very strong first quarter earnings.
Stalprodukt consistently refused to name the buyers of STP Investment citing confidentiality requirements. However, its CEO Piotr Janeczek said they are ?unrelated? to company?s management....
3 miesiące: 949,00 PLN
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