Acron Still Aims for Tarnow

By The Moscow Times

June 14, 2012

WARSAW — Acron said Thursday that it was determined to go ahead with its 1.5 billion zloty ($438 million) bid for Poland's top chemicals group, Azoty Tarnow, despite the Polish government's unwillingness to sell its 32 percent stake.

The Treasury Ministry, which oversees state assets, said Wednesday that selling its controlling holding would endanger the company's strategy and limit the value of other Polish chemical makers. "The view expressed by the Polish treasury is more and more surprising to us," Acron's deputy head Vladimir Kantor said in a statement. "Acron's bid is an answer to [Poland's] privatization plan for 2012-13."

Poland is seeking to raise 15 billion zlotys from privatization before the end of 2013.

(Reuters)

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue