LOT prepares its issues prospectus in time for 2006 IPO

 "By the end of the year we want to prepare all necessary internal documents, which are needed for the floatation," said the carrier's president Marek Grabarek. The final date of the IPO depends on the JP Morgan investment bank, which is helping the firm enter the bourse. "LOT's results are closely linked with the wider economic situation. If it improves, the condition of the enterprise should pick up as well. Introducing the company to the floor in a few months if bullish market persists on the bourse, is a good idea," said Adam Ruciński, investment advisor of TFI PZU. The market will receive 25.1% stake from the receiver of bankrupt SAir Group and 30% of the equity of the new issue. "The valuation of the firm should be known by the end of October," said Marek Grabarek. (Puls Biznesu, pp. 1, 8) M.M.