PKO BP on the verge of presenting IPO to Stock Exchange

According to unofficial sources PKO BP, the biggest state-owned bank, plans to present its IPO prospectus to the Securities and Stock Exchange Commission (KPWiG) this week, possibly on Thursday. Treasury officials responsible for privatization of PKO BP said earlier that the government planned to sell 30% of the company worth an estimated zł. 5 to 6 billion. "We will do our best to improve the prospectus if necessary so that we could start trading on WSE by the end of October," said State Treasury Minister Jacek Socha. PKO BP's offer will be directed mainly at Polish investors. It was planned earlier to sell shares to its customers at preferential prices, but this is still an open question. PKO BP has called a press conference on Thursday to discuss its second quarter earnings. (Parkiet, p.1) J.J.