PGNiG considers name change in WSE race against Lotos

Marek Foltynowicz, PGNiG deputy president in an interview given to Parkiet highlighted how the company changed the division of competencies in the management board to allow decisions on flotation to be taken fastest, and how it had successfully settled with PGNiG Przesył on leasing of the transmission tract. The company has also managed to get approval from 80% of the company's euro obligations holders for a premature repurchase, which was a prerequisite set by the Treasury Ministry if the company wanted to enter the Stock Exchange. In order to be able to raise the projected zł1.5 billion from the IPO, PGNiG has also attempted to improve its brand image by introducing a new orange logo - and it is considering change of a name. PGNiG wants to invest money raised on the bourse in distributing electrical energy and heat through the company's distributing subsidiaries. In the long run PGNiG aspires to become a multienergy company, rather than just a producer. (Puls Biznesu pp.1,4, Parkiet pp.1,4) M.G.