PRIVATIZATION OF 'KRAJOWA SPÓLKA CUKROWA S.A.' (NATIONAL SUGAR COMPANY, INC.) AS THE CONDITION FOR ITS RESTRUCTURING
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Most state-owned sugar factories in Poland have been consolidated within the 'Krajowa Spólka Cukrowa S.A.'. The article analyzes the process of its privatization which is the condition for the finalization of the Company's restructuring. The originally-assumed mode of privatization of KSC is not being realized. There is no permanence or continuation of the goals which were earlier laid down (they consisted in the privatization of the Company on the basis of employee and planter stock ownership). The realized reform of the EU sugar market and the uncertainty of its final results discourages further capital investments by plantation owners and employees.
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