| has gloss | eng: Silesian-American Corporation, SACO – was a holding company for Giesche Spolka Akcyjna (Giesche Corporation), operating in Upper Silesia, Poland during interwar times. Silesian-American held 100% of Giesche Spolka Akcyjna stock. SACO was established in Delaware in 1926 and was owned by Silesian Holding Company: 51% of common stock and 58,33% of preferred stock. The remaining 49% of common and 41,67% of preferred stock went to Giesche’s Erben, a German corporation (full name: Bergwerksgesellschaft Georg von Giesche's Erben) – in return for the entire capital stock of Giesche Spolka Akcyjna. |