JSW shares scheme apparently drawn-up months ahead of privatization

Puls Biznesu has learnt of a State Treasury report that envisages PKP transferring shares in Koksownia PrzyjaŸń to JSW and receiving JSW shares in return shares. These shares would be then resold after JSW’s public offer. Deputy Economy Minister Tadeusz Soroka revealed that 10% of JSW shares will be transferred to Kompania Węglowa. "The division of shares in JSW before the floatation on the bourse can be risky. It can be expected that KW will quickly sell the shares," said Jacek Obrocki, Director of Analysis Department at the Beskidzki Dom Maklerski. (Puls Biznesu, p. 8) A.K.