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Getin Holding share issue; PGNiG; Schengen zone

The company wants to acquire between zł. 150 million to zł.175 million from 22.48 million shares, which suggests a price between zł.6.67 and zł.7.78 per unit. All the indications are that the issue will be a success. (Parkiet, p. 6) ... In two weeks time, trade unions in Polish Oil and Gas (PGNiG) threaten to stop gas supplies to some of company's debtors unless employees are given shares which they are entitled to. They ultimately threaten strike action if the government still does not meet their demand. (Parkiet, June 3-4, pp.1, 7) ... The government claims that Poland will be ready to enter the Schengen zone in October next year, if there are no problems in Strasburg, where the seat of the systems IT will be located for the whole Schengen zone. Commentators however, believe that delays in Strasburg are more than likely. (Gazeta Wyborcza, June 3-4, p. 6)

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