State-owned ply­wood busi­ness for sale

Australasian Timber - - NEWS -

Poland has ex­pressed in­ter­est in sell­ing the State-owned ply­wood man­u­fac­turer Sk­le­jka Orze­chowo SA (for­merly OZPS). Sk­le­jka Orze­chowo is one of the last do­mes­tic tim­ber en­ter­prises fully owned by the State Trea­sury. The pri­va­ti­za­tion process is as­so­ci­ated with long lit­i­ga­tions that have lasted since 1991. The first at­tempt to pri­va­tize the com­pany was taken in 2011, and only in OZPS been com­mer­cial­ized and trans­formed into a joint stock com­pany. Cur­rently, the Pol­ish Min­istry of Trea­sury in­tends to sell 85% of the com­pany shares.

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