Arguments over the future of KGHM's shares

As revealed by the company's supervisory board member, Józef Czyzerski, KGHM wants 5% of the state-owned 44% stake to go to the manager's incentive scheme, another 5% to reprivatisation and the rest to be floated on the stock exchange. The plans are controversial and have already been dismissed by the trade unions in the concern who fear that the stake could go to the competition that is not so much interested in the development of the copper mining industry in Poland as in gaining new markets. (Parkiet p. 1) M.G.