Warsaw - The Polish state chemicals agency Nafta Polska announced 23 Sept that the Treasury Ministry had shortlisted six companies for a controlling stake in Polish chemical makers Ciech CECH.WA, Tarnow ATTP.WA and ZAK.
On the list are German chemicals group PCC SE, which already owns the Polish polyols and chemicals group Rokita, and is reported to be interested in Ciech group's activities. The latter includes the Zachem business which operates a TDI (toluene diisocyanate) plant as well as a significant polyurethane foam making unit.
The listed bidders are
• Bain Capital Ltd (US);
• Konsorcjum: Cinven Ltd, Kolaja & Partners Sp. z o.o.
• NQI (National Qatar Industries Company);
• PCC SE (Germany);
• UAB Achema Group (Lithuania); and
• I Fundusz Mistral SA (Poland).
Bain, Cinven and Mistral are equity groups, UAB Achema is a Lithuanian chemicals firm, and the Qatar group represents that country's chemicals sector.
Reports say that the Polish government wants to sell its 37 percent of Ciech, 53 percent of Tarnow and 86 percent of ZAK by the end of the year to raise cash to meet its budget deficit.