In Brief: PKN Orlen, RG to be floated?; Hydrokompleks; Petrobaltic

The Treasury Ministry is considering introducing to the Warsaw Stock Exchange (WSE), shares of a company to be created as the result of a possible merger between PKN Orlen and the Gdansk Refinery (RG). Two weeks ago the government changed its strategy for the sector's privatization and allowed PKN to bid for the stake in RG. (Prawo i Gospodarka, p. 3) ... The Supervisory Board of Nafta Polska has accepted the decision of the government to grant the Gdansk Refinery a zl. 15 million loan for an investment project called Hydrokompleks. The whole investment will cost euro 110 million. (Puls Biznesu, p.3) ... A strategy prepared by the Treasury Ministry sees the privatization of Petrobaltic by transforming it into a joint stock company and listing its shares on the WSE. Another option involves selling Petrobaltic to one of the fuel companies operating in Poland. (Puls Biznesu, p. 3) A.Z.