Capital increase for Grupa Lotos ahead of IPO

This means that its issue prospectus should be placed with the Securities and Stock Exchange Commission (KPWiG) by Nafta Polska by Friday. "This is the plan unless something unpredictable happens," said a person close to NP. The envisaged IPO of the second largest oil company in Poland should raise roughly zł.950 million, which are crucial for further development. Some of the company's shares will also be sold by Nafta Polska and thus investors will be able to purchase 49% of the company's shares. The shareholders meeting also empowered the supervisory board to divide the offer into tranches. (Puls Biznesu, pp. 1, 5) M.M.