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Gov't plans for PGNiG begin to take a solid shape

"PGNiG will enter the bourse in a different form. The Treasury Ministry should prepare a plan of withdrawing the company from the stock exchange, taking control over the natural gas transmission system and then reintroduce the firm back to the bourse," said Paweł Poncyljusz from Law and Justice (PiS). PGNiG will return to the stock exchange with distribution and exploring-mining assets, but without its transmitting assets, which constituted one third of company's value prior the floatation. "These assets will be included in the state owned transmitting system Gaz System," said Poncyljusz. PGNiG might also change its name so that the state retains 100% control over the company with the same name being listed as 48% shareholder in EuRoPol Gaz, which owns Yamal pipeline in Poland. (Puls Biznesu, pp. 1, 7) M.M.

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