Polimex-Mostostal Spolka Akcyjna is planning to sell off its assets and has a series of assets valued at PLN 220 million lined up for sale moving forward, Polimex's Chief Executive Officer, Robert Oppenheim said. Polimex is lining up assets for the block part and parcel with a deal with creditors to secure PLN 600 million from divestments by 2015. The assets include galvanizing plants in Debica and Czestochowa and a developer real-estate with a book value of PLN 300 million are in the sales process, Oppenheim indicated.

The talks are at an advanced stage for the galvanizing plants, Oppenheim added. Torpol Sp. z o. o. is also up for sale but will be sold as a last resort, if there is a need for the same.

“Torpol is a valuable asset for us: it has experience in its field and a very good order portfolio. We treat the sale [of Torpol] as a last resort. If it happens, it will be no sooner than in H2 2013," Oppenheim said.