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News Parkiet
15.09.2004,

Privatization

Poland to impose mandatory buy-out scheme

Polish government wants to change the country's corporate laws, forcing private investors to buy out minority stakes in companies sold as part of privatization deals. Jacek Socha's Treasury Ministry says investors who own more than 95 percent of former state-owned firms should buy its shares at market value. Poland still owns small chunks of more than 200 privately held companies, plus similar stakes in 31 corporations, whose shares are listed on the Warsaw Stock Exchange. The new law is supposed to take effect sometime next year.

Petrochemicals

PERN to pick new CEO soon

State-owned pipeline operator PERN SA has received eleven applications after announcing it is searching for a senior executive to replace CEO Stanisław Jakubowski, who...


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