CEZ powers up the WSE

"No final decision has been made but the plan is to list CEZ shares on October 25," the WSE's spokesperson, Dariusz Marszałek, said.

The debut in Warsaw was originally planned for last summer, but was postponed due to market volatility after a drop in the price of carbon-dioxide emission permits.

CEZ is worth about $21 (zł.65) billion at current market prices, which would make it the largest company to be traded on the Warsaw bourse.

The group's primary listing is on the Prague Stock Exchange. However the company says it is entering the WSE to capitalize on Poland's $60 (zł.186) billion pension-fund industry. The group is also expected to take part in the forecast future privatization of the Polish energy sector. Analysts have speculated that it would be welcomed as an investor in the ZE PAK power plant.

Seven foreign companies have listed on the WSE, including the bourse's current largest stock, Bank Austria, which boasts a market capitalization of nearly $20 (zł.62) billion. (Reuters)