Elections won't halt flow of oil and gas
Elections must be held by October, but the ruling party may still vote to dissolve parliament early and hold polls in June.
"I do not see anything to indicate that the election date would have any effect ... Some processes go on despite the political situation, and this is true of both Lotos and PGNiG," Krzysztof Żyndul told journalists.
The Treasury Ministry has filed issue prospectuses to sell an estimated zł.900 million worth of shares in Lotos and zł.1.5 billion of PGNiG stock.
Żyndul said the current high oil prices, which have brought record profits to refiners, were a strong argument for pressing forward with the Lotos sale.
Both deals could happen as early as June, but the Ministry has not said clearly which has priority, suggesting only that they should not happen too close together, to avoid sucking up too much liquidity from the market and depressing prices.
"I can't imagine that with such high oil prices, this is a bad time to list Lotos - it's just begging to be listed," he said. (Reuters)
L.M.
"I do not see anything to indicate that the election date would have any effect ... Some processes go on despite the political situation, and this is true of both Lotos and PGNiG," Krzysztof Żyndul told journalists.
The Treasury Ministry has filed issue prospectuses to sell an estimated zł.900 million worth of shares in Lotos and zł.1.5 billion of PGNiG stock.
Żyndul said the current high oil prices, which have brought record profits to refiners, were a strong argument for pressing forward with the Lotos sale.
Both deals could happen as early as June, but the Ministry has not said clearly which has priority, suggesting only that they should not happen too close together, to avoid sucking up too much liquidity from the market and depressing prices.
"I can't imagine that with such high oil prices, this is a bad time to list Lotos - it's just begging to be listed," he said. (Reuters)
L.M.
