Decision on Rafineria Gdanska sale postponed till Friday

Oil sector privatization agency Nafta Polska has postponed its decision on the sale of a 75% stake in Rafineria Gdanska to British-led consortium Rotch Energy. Reuters, which states that the decision will now be taken on Friday, quotes Nafta spokesperson Krzysztof Mering as saying that the delay is necessary as the final details of the deal still need some fine tuning. Puls Biznesu and Gazeta Wyborcza speculate that the extra time may be needed to collate all the necessary legal and financial paperwork to guarantee the implementation of the investment plan. They suggest that more time may also be needed to reach final agreement on the share price. Market analysts value the 75% stake in Rafineria Gdanska at around zl.1 billion. (Gazeta Wyborcza, p. 14; Puls Biznesu, p. 7; Reuters) M.T.K.