Treasury to up LOT ownership to 100%

The EGM of Poland’s national airline LOT Polish Airlines, scheduled for December 20, will decide on a mandatory buyout of minority shareholders, Puls Biznesu reported. The State Treasury now holds 99.7 percent in the airline. The remained shares are in the hands of state-owned TF Silesia and LOT employees. The buyout was suggested by privatization advisor Rotschild and it meant to make the sale process easier, an unnamed source told the daily. The ministry said that a final decision will be made after documentation and analysis is available.