Treasury Ministry says PKN new public share offering is targeted at WSE

Poland's largest fuel company Polski Koncern Naftowy (PKN) is to issue new shares that are aimed at the Warsaw Stock Exchange (WSE). "No further changes to the privatisation of PKN will be introduced," said the Treasury Ministry's press office. The statement was in response to a story published in the left-wing "Trybuna" on Monday which said the Treasury plans to sell off PKN without going through tendering and without appointing an investment adviser. The Treasury says it is not looking for a strategic investor. Details of the public offering will be announced on Thursday and offer documents will be available. (Prawo i Gospodarka, page 13) M.M.