Poland May Cut its Stake in Lotos Fuel to Below 50pct

Posted January 26th, 2010 in Business news by Ela Pawełek-Lubera

Poland may cut its stake in listed fuel firm Lotos to below 50% still this year, deputy Treasury Minister Mikołaj Budzanowski told the parliamentary Treasury Commission.

The move, already suggested by TreasMin Alesander Grad, would require changing state strategy for the fuel sector, which now assumes Poland will retain a majority stake in Lotos.

Originally Poland planned to sell a 13% stake it received from the company in return for downstream assets, which would put the state shareholding in Lotos back at 51%.

Source: www.warsawvoice.pl

This entry was posted on Tuesday, January 26th, 2010 at 17:41 and is filed under Business news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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