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LNM group offer for Polish steel plant

LONDON NOV. 29. NRI steel baron L. N. Mittal's LNM group has submitted an offer for the privatisation of select production assets of Poland's leading steel company, Huta Czestochowa. Huta Czestochowa

(HCz) is Poland's leading producer of steel plate, employing over 2,000 emplyees, with steel making capacity in excess of seven lakh tonnes and shipments in 2002 of about 4.20 lakh tonnes.

In addition, LNM has expressed interest in certain core business related subsidiaries of HCz and the shares of another Polish company, Huta Stali Zcestochowa. — PTI

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