Poland says to sell Pulawy stake to Tarnow in share swap
WARSAW Aug 17 (Reuters) - Poland said on Friday it would sell its remaining 50.7-percent stake in chemicals maker Pulawy to larger rival Tarnow, after state-owned Kompania Weglowa surfaced as the only major Pulawy owner to respond to Tarnow's bid.
State-controlled Tarnow, Poland's No.1 chemical player, said 10.3 percent of Pulawy shareholders responded to its takeover bid, a third of Tarnow's plans, with almost the whole package coming from fully state-owned coal miner Kompania Weglowa.
The cash bid for 32 percent in Pulawy, launched last month to counter a bid from Synthos, is to be followed by Tarnow's share issue for Pulawy shareholders. (Reporting by Adrian Krajewski and Wojciech Zurawski)
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