PGNiG employees demand their promised shares

Before they receive the stock the State Treasury has to sell some of its shares. "We are concerned with the lack of a defined deadline," said Bolesław Potyrała representing trade unions in the company. The unions sent a letter to both Prime Minister Marek Belka and Treasury Minister Jacek Socha. "Minister Socha received my views last week. I recommended carrying out the transaction at the earliest possible date," said Stanisław Speczik, Deputy Treasury Minister. He was unable to state when the Treasury will take any action. Initially the operation was to be carried out within six months of the IPO, but the trade unions demanded that the transaction takes place within two months. "I would not be surprised if Minister Socha left this decision to his successor," said Rafał Salwa, an independent bourse analyst. (Puls Biznesu, pp. 1, 10) M.M.