Polish chemicals company, Ciech, has said its plans to go public this autumn may be threatened when the offer is put to vote at its general shareholder’s meeting.

The State Treasury, which owns 52% of the company’s shares, has called for Ciech to present a clear strategy on the final structure of the share issue, which has not yet been presented.

Tadeusz Soroka, the deputy State Treasury Minister, has also called for discussions on the proposed spinning off of the company’s Alvernia chemical plant, which is one of Europe’s largest producers of tannery chrome. The Treasury has proposed buying out Ciech’s stake in Alvernia in return for a stake in its soda activities.

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