In January 1, 1992, our Works were subjected to commercialisation and their legal status was changed: we are no longer a state-owned enterprise but a sole shareholder company of the State Treasury with the name of Zakłady Azotowe Kędzierzyn, Spółka Akcyjna [“Kędzierzyn” Nitrogen Works, Joint-stock Company].
The sole shareholder company of the State Treasury, Nafta Polska SA, was assigned by the minister as a unit responsible for restructurisation of the chemical synthesis sector in the Polish economy, with due consideration given to the property, organisation and cost-related issues. The privatisation and restructurisation programme was implemented in 2004.
9th November 2004 Council of Ministers assented on carrying in shares ZAK S.A. to the Nafta Polska S.A.
14th September 2005 shares became carried in to the Nafta Polska S.A.. From this moment 80 % the partnership share belongs to the Nafta Polska S.A ., and 20 % to the State of Treasure.
19th December 2005 the Management of the Nafta Polska S.A. decided to give to the PCC AG exclusive rights to on the leadership of the negotiation, in the process {trial} of 80% shares of ZAK S.A., from 9th January 2006 till 17th February 2006.
3rd April 2006, in compliance with the accepted program of the privatization of the Great Chemical Synthesis, one signed the contract among the Nafta Polska and the PCC AG about the sale 80 % of the shares ZAK SA.
27 October 2006 MSP made a decision that would not direct the conclusion on Council of Ministers for the accedence on the privatization of nitric Works Kędzierzyn and nitric Works Tarnów.
The shareholders on 31 December 2006 present as follows:
The sole shareholder company of the State Treasury, Nafta Polska SA, was assigned by the minister as a unit responsible for restructurisation of the chemical synthesis sector in the Polish economy, with due consideration given to the property, organisation and cost-related issues. The privatisation and restructurisation programme was implemented in 2004.
9th November 2004 Council of Ministers assented on carrying in shares ZAK S.A. to the Nafta Polska S.A.
14th September 2005 shares became carried in to the Nafta Polska S.A.. From this moment 80 % the partnership share belongs to the Nafta Polska S.A ., and 20 % to the State of Treasure.
19th December 2005 the Management of the Nafta Polska S.A. decided to give to the PCC AG exclusive rights to on the leadership of the negotiation, in the process {trial} of 80% shares of ZAK S.A., from 9th January 2006 till 17th February 2006.
3rd April 2006, in compliance with the accepted program of the privatization of the Great Chemical Synthesis, one signed the contract among the Nafta Polska and the PCC AG about the sale 80 % of the shares ZAK SA.
27 October 2006 MSP made a decision that would not direct the conclusion on Council of Ministers for the accedence on the privatization of nitric Works Kędzierzyn and nitric Works Tarnów.
The shareholders on 31 December 2006 present as follows:
- 80,00% shares - Nafta Polska S.A.,
- 7,50% shares - State Treasury,
- 12,50% shares - entitled employees.
The shareholders on 31 December 2007 present as follows:
- 80,00% shares - Nafta Polska S.A.,
- 6,28% shares - State Treasury,
- 13,72% shares - entitled employees.
| Shareholder | Number of shares | Face value of 1 share (PLN) | Value (PLN) | Share stake (%) |
| State Treasury | 1.683.045 | 5 | 8.415.225 | 2,95 |
| Nafta Polska S.A. in liquidation | 21.610.285 | 5 | 108.051.425 | 37,91 |
| Zakłady Azotowe w Tarnowie-Mościcach S.A. | 30.000.000 | 5 | 150.000.000 | 52,62 |
| Other shareholders | 3.719.530 | 5 | 18.597.650 | 6,52 |
| RAZEM | 57.012.860 | 5 | 285.064.300 | 100,00 |
