WSiP president sees privatization only via floatation

Jerzy Rurański, the president of Education Publishing House (WSiP), does not believe his company can be successfully privatized unless the Treasury decides to float the shares. This is the fourth time the state has tried to sell a 60% stake in the enterprise, in which the bidders are Agora and a consortium of financial investors. "Investors met with the management board and now they have a few weeks to place their offers," explained Rurański. However, it is highly likely that no binding offer would be sent to the State Treasury and thus the company would be floated after the summer holidays. "No comment," stated Robert Pugacz from Agora press office. WSiP has already received permission from the Securities and Stock Exchange Commission to float 25-35% of its shares. (Puls Biznesu, pp. 1, 7) M.M.