Agencja Rozwoju Przemyslu S.A.

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Agencja Rozwoju Przemyslu S.A.

A semi-public agency in Poland charged with developing industry in the country. It offers consulting services to Polish companies, provides financial assistance, and supports regional and international business cooperation. It is organized as a joint stock company; the State Treasury owns all stock and the Minister of the Treasury exercises all voting rights. While it traces its origins to 1987, it was established in its current form in 1990 to help the transition in Poland from communism to capitalism.
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One of the units' potential buyers is Poland's state development agency Agencja Rozwoju Przemyslu (ARP), which told Reuter today it was looking at the two subsidiaries.
Last month, Polimex sealed a lifeline PLN6.3bn power deal in partnership with Japanese electronics group Hitachi Ltd (TYO:6501), which envisages the construction of a power unit at an existing plant of local utility Enea SA (WAR:ENA) in Kozienice.Country: PolandSector: Machinery/Engineering, UtilitiesTarget: Sefako SA , Energomontaz Polnoc SABuyer: Agencja Rozwoju Przemyslu, Several unknown biddersVendor: Polimex-Mostostal SAType: DivestmentStatus: BiddingComment: Proceeds expected at a minimum USD96m.
* Natural ingredients supplier Naturex has reached an agreement with the Polish Industrial Development Agency (Agencja Rozwoju Przemyslu S.A - ARP) to acquire Zpow Pektowin SA (Pektowin).
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