NP has been given privatization strategy for Grupa Lotos

"We received the strategy, which envisages floatation of shares. We do not want to go into details," said NP president Krzysztof Żyndul. One of the biggest problems for the advising company was to settle the issue of financing the so-called IGCC complex worth $760 million, which is crucial for Lotos to meet strict EU environmental regulations by 2006. According to earlier Treasury Ministry plans the zł.700 million required for this would be generated from selling the shares and the remainder of the sum from a consortium. "Based on this recommendation NP will come up with an opinion, which will be presented to the Treasury Minister," stressed Żyndul. Paweł Olechnowicz, president of Lotos, is lobbying in favor of floating the shares in Q1 2005. (Puls Biznesu, pp. 1, 9) M.M.