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KI Chemistry ups offer to acquire Ciech

2:19 AM MDT | May 30, 2014 | Natasha Alperowicz

KI Chemistry, a unit of Kulczyk Investments controlled by Poland's richest man Jan Kulczyk, has increased its offer for Ciech (Warsaw) to 31 Polish zloty ($10.17)/share on Thursday, valuing Ciech at zl 1.08 billion. Earlier this month, the Polish treasury, which holds 38.7% of Ciech, said that the previous price offered did not reflect the market value and Ciech’s potential. That price was zl 29.50/share. The treasury is analysing the raised offer.    Ciech, a chemicals producer and trader, comprises more than 30 companies. Its main products are...

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