Gennady Melnik. The only European manufacturer of ferronickel - Greek Firm LARCO - until not included in the privatization program, said the Director of the LARCO Michalis Renesis in a conversation Last news .
Observers believe LARCO one of the most interesting assets in Greece - the Company is not problematic even during the fall. The implementation has the opportunity to be exposed to the state-owned stake of 55, 2% is placed in the Fund of state property privatization HRADF, 33, 3% of the shares placed and National bank of Greece (NBG) and eleven, 5% power Corporation PPC (DEI).
LARCO stood in the privatization plan after the beginning of the fall in Greece.
"Then the attempts were unsuccessful. LARCO is a big Company, you have to treat her gently. Then the proposed scheme was not suitable for her. For this reason, and stopped all attempts of privatization in 2011-2012 ", - said Renesys.
according to his statement, Then his interest was declared by the largest players.
"from Russia's Norilsk Nickel interested. Interested in large organizations, for example, Glencore, Aktor SA, Solway, " said he.
"currently LARCO is not placed on the priority list for privatization of the plants. Maybe the Firm will remain in public ownership, but will attract foreign investors. Before us now is the issue of modernization of production, improvement of corporate performance. We have a good laboratory, there is a big research work prospects of the company. We have a project of creating their own energy sources, how to make the enterprise more dependent ", - said the head of the organization.
the question is, will it be necessary in the case of privatization, the approval of the agreement from the European Commission, Renesis replied: "in principle Yes, because in the EU there is no other Corporation on manufacture of ferronickel ".
according to his statement, the world's largest producer of Nickel is Russia, however, it produces pure Nickel.
"We produce ferronickel. LARCO is the only Corporation in the European Union, which produces ferronickel. In the European Union in General, there are two such corporations in Ukraine - Pobuzhsky the company and the company CUNICO in the former Yugoslavia. On the scale of our Corporation takes 6-7 place in the world, " said Renesys.
The entire production is Exported." in Greece there is nothing left. The exports go mostly to European countries. Clients we have constant, We have been working with them for decades. About 40% goes to Finland. Buy in Italy, have deliveries to Spain and Luxembourg and Switzerland. Our ferronickel is considered the best in the world. The value of sales is equal to 250 million euros a year, which is supposedly 700 thousand euros per day. We have our own materials, We don't buy it, " said Renesys.
according to the expert analysis, the ore reserves will last for many decades, operational savings - five hundred thousand tons of Nickel are estimated at 7 billion dollars.
explaining business valuation of 200 million euros, represented in one of the presentations 2012, Renesys stated that currently there is no assessment.
"in the last few years the economic performance of the organization has changed in a positive way
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