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Impexmetal Plans Buyback of Hutmen.
Europe Intelligence Wire
| February 09, 2009 | COPYRIGHT 2003 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
(From Polish News Bulletin)
Nonferrous metal producer Impexmetal is mulling the buyback of shares in copper plant Hutmen. The latter company's share price surged after publication of the news, closing with a 21-percent gain. The holding company explains that Hutmen's decision is a strategy to cut losses, as the company is not doing well at the moment. According to the management board of Impexmetal, the company has enough money to conduct the procedure. Should Hutmen buy back…