PGNiG's IPO threatened by government agency

"I am not authorized to talk about this issue. Our cooperation with PGNiG was been tightened for some time. We need it in order to extract natural gas abroad. This will contribute to increasing our national energy security. Such activity is envisaged in our strategy," said Adam Sęk, president of NP. If the rumor is proved correct and the concept carried through, then there will be a need to amend the government's "Program of restructuring and privatizing PGNiG". This would be made prior the IPO of PGNiG. This in turn would enable the distribution of shares to employees who protest against the delay in the privatization of the company. This in turn could result in delaying, or even cancelling the IPO. Parkiet did not manage to get in touch with Treasury Minister Jacek Socha nor Deputy Treasury Minister Stanisław Speczik. "This is not our concept. It is hard to assess the ideas of the owner," said Marek Kossowski, president of PGNiG. (Parkiet, p. 1) M.M.