Sunningwell given new lease of Huta Czestochowa, but only to mid-2021

Polish industrial investor Sunningwell International Polska has extended its lease of insolvent Polish steel plate producer Huta Czestochowa, sources told Fastmarkets on Friday October 16.

Sunningwell won an earlier tender to buy Huta Czestochowa but failed to submit payment in time. It was granted permission to extend the lease of the mill, but not beyond June 30, 2021, a source in the district court of the city of Czestochowa in Poland has told Fastmarkets.

The new tender conditions for Huta Czestochowa’s sale were expected to be announced next week, but it was made clear that Sunningwell...

Published

Julia Bolotova

October 16, 2020

18:22 GMT

Dnipro