Grupa Lotos set to expand, plans IPO for October

"It will concern financing the development of Grupa Lotos' network of gas stations," said Marcin Zachowicz, Grupa Lotos spokesperson, adding that according to the group's strategy, the network is to be enlarged from the current 383 gas stations to at least 500 in the future. "By the end of the current year there should be around 400 of our gas stations working," said Zachowicz. The development of a sales network should be no surprise as Grupa Lotos is currently on its way to becoming a very well integrated gas concern and is also planning its IPO. Scheduled for October 2005, the IPO is to bring the company zł.700 million, according to unofficial information. (Puls Biznesu, p. 12) D.W.