Bloomberg News

PBG CEO Sees Polish State Fund’s Decision on Loan in 6 Months

August 01, 2012

PBG SA (PBG), the Polish builder under bankruptcy protection from creditors, which filed for a loan from ARP state fund to finance operations, expects ARP decision “no sooner” than in six months, Chief Executive Officer Wieslaw Rozacki said in an interview with TVN CNBC.

Rozacki added that “it is possible” its unit Hydrobudowa Polska SA (HBP) may file for a liquidation bankruptcy.

To contact the reporters on this story: Marta Waldoch in Warsaw at mwaldoch@bloomberg.net; Piotr Bujnicki in Warsaw at pbujnicki@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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