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Saturday, January 26, 2008

the stalled privatisation of state companies

"Poland's new government is determined to relaunch the stalled privatisation of state companies, including LOT, with most of the larger sell-offs planned through the Warsaw bourse.

But recent turmoil on financial markets has raised doubts whether the privatisation plans would remain intact.

'Lufthansa is interested in a stake in LOT under the condition that, one, the transaction is fully approved by the Treasury, and two, the Treasury sells a majority stake,' Polish Deputy Treasury Minister Zdzislaw Gawlik was quoted as saying in daily Dziennik.

The ministry has said it would like to sell its entire 68 percent stake in the carrier."

UPDATE 1-Poland sees Lufthansa interested in LOT -paper | Industries | Industrials, Materials & Utilities | Reuters

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