Strabag in bid for Kieleckie

Strabag is the only foreign investor to have made a bid for the 85% stake in Kieleckie Kopalnie Surowcow Mineralnych offered by the Polish government. The quarry, which produced crushed aggregates from the dolomitic limestone deposit has also attracted bid from four Poland-based companies including Dolnoslaskie Surowce Skalne, Colas Kruszywa, Gorazdze Kruszywa and Poldim. The government has not indicated when the winning bidder will be revealed.

Poldim has lost out in the shortlist of companies qualified by the Polish Government for the final round of bidding to acquire an 85% stake in Kieleckie Kopalnie Surowcow Mineralnych. Only four companies - Dolnoslaskie Surowce Skalne, Colas Kruszywa, Gorazdze Kruszywa and Strabag – have been selected for the final stage of the process to buy a stake in the sand and gravel operation.

Poland’s Dolnoslaskie Surowce Skalne has announced that it has acquired an 85% stake in sand and aggregate producer Kieleckie Kopalnie Surowcow Mineralnych (KKSM). Financial details of the deal have not been released and the takeover still needs approval by Poland’s Office of Consumer and Competition Protection (UOKiK). Nonetheless, Surowce Skalne has guaranteed to maintain staff numbers for at least 60 months and will not re-sell the business within the next two years.

A Warsaw,Poland-based court has announced the bankruptcy of the Polish aggregate producer Dolnoslaskie Surowce Skalne (DSS). It envisages the liquidation of the company.

Przedsiebiorstwo Badan Geofizycznych (PBG), a Warsaw-based geophysical testing firm, has been bought by the wealthy Polish businessman Roman Karkosik, for €3.42million.

Poland-based Dolnoslaskie Surowce Skalne has announced plans to build a new artificial stone factory following approval of a CCCC$13.6million EU subsidy. The crushed aggregate producer will use the new facility to manufacture kitchen worktops, building façades and floor and wall tiles using waste stone from its quarries.