Naftobazy may end up going public by the end of the year

The management board Nafta Polska wants to float the largest domestic fuel logistics company Naftobazy on the bourse, an option which is very much supported by Naftobazy itself. "I believe this would be possible in December. However, I am afraid that political turmoil might delay the date until the middle of 2005," said Jerzy Małyska, the president of Naftobazy. He also stressed that the scenario of entering the bourse is much better than choosing a sector investor. At the same time, the attempt to create an integrated logistics operator (ZOL) have not been given up as, "We are still in negotiations with Orlen, PERN and Naftoport," said Małyska. He admitted that these will be difficult due to problems with evaluating the value of the partners' assets and thus their share in the new entity. (Puls Biznesu, pp. 1, 7) M.M.