Treasury can give LOT a year to find investor
10:05
Treasury Minister Dawid Jackiewicz told the Polish Press Agency (PAP) that Poland may give national carrier LOT up to a year to find an investor.
"After the compensation period that lasted to January ... we keep hovering around the break even point, but we have a revenue increase, which means that perhaps we will not be forced to intensively look for an investor in the coming weeks or months," Jackiewicz said.
"If it turns out that we may calmly look for an investor for a year, we will be in a comfortable situation to look for an investor that fits company's profile," Jackiewicz said. "And that's the kind of investor we are looking for."
Poland will not reduce its stake in Lot below 51 percent, Jackiewicz indicated.
"If we are talking about a Chinese investor, according to EU law it may not hold more than 50 percent of shares," He explained.
