State might resign from its majority stake in LOT

"The decision about floating the company has been made. There is however a question about how big a stake the state should hold in LOT following the IPO," said Deputy Treasury Minister Zdzisław Gawlik. He went on to say that the ministry is considering whether it should have any statutory threshold in terms of ownership in the firm. Moreover, the changes should be introduced as soon as possible to enable the disposal of state-owned shares during the IPO scheduled for H2. "To reconcile benefits of the company and the state, the law should be changed prior to LOT's floatation," said the Deputy Minister. A person close to the company said that changing the threshold might have a significant influence on the value of the share issue. According to Gawlik, LOT needs roughly zł.6 billion for investments. (Puls Biznesu, pp. 1, 9) M.M.