WARSAW, Oct 9 (Reuters) - Wieslaw Rozacki, chief executive of troubled Polish builder PBG , on Tuesday signalled a big tie-up in the local construction sector could be a way to save his company.
"We are right now talking about several vital entities for the Polish economy," the CEO told daily Dziennik Gazeta Prawna, without going into much detail.
Rozacki added that state development agency ARP should be involved in the project, but declined to comment if it would also include PBG's beleaguered rival Polimex , in which ARP is to buy a stake of up to 33 percent.
Earlier this year, sources told Reuters PBG and Polimex, which run similar construction portfolios, might eventually merge to avoid bankruptcy.
PBG has been in bankruptcy protection since June, while Polimex is struggling to keep afloat with plans to spin off non-core units and secure a debt restructuring deal, as well as shareholder acceptance for a share issue.
(Reporting by Adrian Krajewski; Editing by Mark Potter)
Keywords: POLAND BUILDERS/