High oil prices prompt Nafta Polska to think about selling Grupa Lotos stake

"The situation on the bourse is favorable, prices of shares are high. Soon the deadline of lock-up for the shares will end and we are considering selling a 7.8% stake," said Cezary Nowosad, deputy president of NP. The value of the transaction according to Wednesday's share values would bring in revenues of zl.390 million. According to unofficial information from the Treasury Ministry, a decision about the potential sale of shares would be made by the new minister. "I believe that oil prices will not stay at this level for much longer. Within half a year to one year prices will decrease, which will directly translate into the value of oil companies' shares," said Slawomir Sklinda from DI BRE Bank. (Parkiet, p. 3) M.M.