Foreign investors will have to wait until 2005 for Węglokoks' privatization

"Węglokoks is a typical commercial company so it should link up with another fuel company," believes Węglokoks deputy president Michał Sobel. Money obtained from the privatization would be spent on developing the enterprise. According to initial data, the value of its IPO could reach as much as zł.1 billion. "Preliminary talks showed that several foreign sector investors are interested in capital engagement," explained Sobel. Due to existing IPO procedures, the floatation would not be possible until around the end of 2005. The company is eager to be privatized due to bullish state of the coal market. (Puls Biznesu, pp. 1, 9) M.M.