PGE could debut before Enea due to union dispute
"The new management board of PGE will present its recommendation regarding this year's potential IPO by the end of August. If the company turns out to be well prepared for this move, it might enter the bourse before Enea," said the Minister.
This would mean that Enea's IPO could be postponed for the third time, and according to sources, the problem is related to difficulties with trade unions questioning the concept of privatization. "We are working in line with the schedule, explaining any doubts of the KNF and hope for rapid approval on the issue prospectus following the corrections. We envisage no other scenario than a debut this year," said Paweł Mortas, president of Enea.
According to Grad, only one energy group will enter the stock exchange this year and thus, in line with the alternative scenario, the IPO of Enea would take place no sooner than in May or June 2009.
Source: Rzeczpospolita (M.M.)
This would mean that Enea's IPO could be postponed for the third time, and according to sources, the problem is related to difficulties with trade unions questioning the concept of privatization. "We are working in line with the schedule, explaining any doubts of the KNF and hope for rapid approval on the issue prospectus following the corrections. We envisage no other scenario than a debut this year," said Paweł Mortas, president of Enea.
According to Grad, only one energy group will enter the stock exchange this year and thus, in line with the alternative scenario, the IPO of Enea would take place no sooner than in May or June 2009.
Source: Rzeczpospolita (M.M.)
