Solaris Bus and Coach delays WSE debut to Q4

"Since companies of this type are not represented on WSE, there is a chance for a better pricing. But the management will have to put in a lot of effort to familiarize investors with a sector they do not know," said Sebastian Słomka, analyst at PKO BP. Before the IPO takes place, the company's founder Krzysztof Olszewski and his wife Solange, are to buy 82% of Solaris' shares, which are held by Kredyt Bank, thus giving them entire ownership of the company. Olszewski said that the decision about how the zł.100 million the company expects to obtain from the IPO will be used, shall be made in June. He admitted that the company has extensive investment plans, as in the third quarter of this year it is planning to complete a new, zł.30 million plant in Bolechów. In 2004 the company sold 490 buses, this year the target is 800. (Puls Biznesu, p. 8) T.J.