Kulczyk's first WSE IPO

At present the businessman, who according to Wprost 2008's ranking is Poland's richest man, owns a 39 percent stake in Loon, an oil-extraction company listed in Canada, through his private entity, Kulczyk Investment House (KIH). Loon's operations will be divided into two sections. One will deal with North American operations. The other will concentrate on Europe, Middle East and Asia operating under the name of Kulczyk Oil Ventures, registered in Canada.

"We have selected the WSE for several reasons. One was sentiment towards the domestic market ... as well as the possibility to show our company in the oil segment," Dariusz Mioduski, the president of KIH, told Puls Biznesu.