Gov't refrains from selling LOT to Indigo Partners

The Ministry of the State Treasury has sent a letter to Indigo Partners informing that it may not be possible to finalize negotiations on the fund's investments in LOT, as "independent advisor's analysis" are likely to last longer that this parliament's term, Puls Biznesu daily reported. William A. Franke, the managing partner at Indigo Partners considered the letter as "surprising" and "not consistent" with the previous mutual talks, the daily informed. According to an anonymous source close to the matter, the ministry simply said 'no' to the potential private investor. Indigo Partners was allegedly in talks with the state treasury to sign a letter of intent. What is more, it was not interested in buying existing stock, but rather about increasing the air carrier's capital, and the involvement would amount to hundreds of million PLN, according to the media.