Treasury Minister sets start date for PKO BP IPO

The Treasury Minister Jacek Socha has revealed that shares of the largest domestic retail bank PKO BP will be floated on the Warsaw Stock Exchange (WSE) on November 5. The minister presented a detailed schedule of the privatization yesterday. He confirmed that the Securities and Stock Exchange Commission (KPWiG) permitted PKO BP shares to go public on August 31. "At the moment the presentation for investors is being prepared," Socha told deputies from the Sejm Treasury Commission. The minister said preparations for the publication of the issue prospectus are well underway and it is expected to be issued by the end of the month. "In the middle of September the Commission will receive documents concerning the information and promotion campaign," Socha said. (Parkiet, p. 1) A.F.