Recommendation given for sale of 18% of PKN Orlen to strategic investor

Nafta Polska, the company responsible for overseeing the privatization of the oil sector, has approved the plan for selling an 18% stake in PKN Orlen to a strategic investor. Treasury Minister Aldona Kamela-Sowinska will today decide whether to accept the recommendation. Under the plan, two companies - OMV of Austria and MOL of Hungary - are to be invited to hold talks on the sale. Although the plan envisages a contract being signed within two months, it seems unlikely that the transaction will be finalized before next spring. (Puls Biznesu, p. 4) K.K.