11:42 23.11.2017

Information about talks to sell steel works in Poland, Hungary is untrue

2 min read

The Industrial Union of Donbas (ISD) Corporation did not hold negotiations via its subsidiary ISD Polska on the possible sale of ISD Huta Czestochowa (Poland).

"This is all untrue information and a publicity move. Allegedly, buyers - the Polish industrial group [Węglokoks] - did not negotiate with anyone: neither with the corporation, nor with banks, although these conversations are spreading, but they have no ground," an informed source in the corporation told Interfax-Ukraine.

The source said that "supposedly the buyers" may have these intentions, but they "did not make a single step."

"This issue is not on the agenda and has nothing to do with the real state of affairs," the source said.

According to the source, the state-owned Polish industrial group did acquire two metal enterprises, but failed to create the full production cycle.

In turn, ISD Polska published an announcement denying the information of some Polish media about the alleged negotiation.

A representative of ISD also denied the holding of the negotiations on the alleged sale of Hungary's Dunaferr steel works.

"There is nothing about Dunaferr either: this is an old statement of the public agencies of Hungary [a member of the government]. They have been talking about this for five years, but you need to find money in the budget. This is a huge and complex procedure. This issue could be discussed with Russian and Ukrainian owners of the corporation," the ISD representative said.

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