Orbis Transport may soon be spun off from Orbis in IPO

OT would like to enter the bourse as well. "We believe that the best way for Orbis to withdraw from our company is through a public issue, but everything depends on the main shareholder, "said Jan Sidorowicz, OT's president. At present, after buying out Nordea's 15% stake in OT, Orbis has a 98% hold over OT. According OT’s CEO, Jerzy Majewski, the firm's debut on the Warsaw Stock Exchange would be possible in 2007. It is highly probable that 2005 and 2006 will be record years for OT. "We could say that our good results are mostly due to Poles going to UK to work there. In June our incoming passenger numbers increased by 189% as compared to 2004," said Sidorowicz. OT wanted to take over two PKS bus lines, but according to Parkiet, the firm will have to resign from this plan. (Parkiet, p. 6) A.F.