Entry of Pekao employee stake on stock exchange could attract big investors

Bank Pekao S.A. employees own 14.4% share capital but their equities will find their way to public circulation on June 21. "Stock exchange entrance can decrease the value of shares," said investment adviser from Credit Suisse asset Management Slawomir Gajewski. This situation can also cause the free float to be increased and in this way attract big institutions. At present 14.58% of shares are publicly traded. Stock exchange data shows past employees' stakes introduced into public circulation caused the value of shares to increase. (Prawo i Gospodarka, page 6) M.M.