Minister slams down report of July PGNiG IPO

It would not be strange if the Minister has not previously signed the issue prospectus with all dates included in the document. Deputy Treasury Minister Stanisław Speczik who is responsible for privatizing the firm, was out and not available for comment at press time. Both opposition parties and analysts are also rather skeptical about the planned date of the IPO. "Despite that money has "no holiday", I believe that a better date for the sale of shares would be fall," said Rafał Salwa, an analyst with IDM. He went on to say that by that time Polish and foreign funds, which are currently purchasing the stock of Grupa Lotos, would be ready to engage in the PGNiG offer. (Parkiet, p. 1) M.M.