Warsaw (Puls Biznesu) – The supervisory board of PLL LOT, the Polish flag carrier, approved of the decision made by the management of the company to start preparations for listing on the stock exchange.
The Ministry of the Treasury asked SAirLines Europe’s bankruptcy officer, LOT’s minority shareholder, to prepare a list of five reputable investment banks. An advisor for LOT will be chosen from this list. The Ministry agreed for the debut in the middle of 2008.
“Selling shares will let us raise funds for further development provided in the strategy”, Piotr Siennicki, LOT CEO said.
The state is supposed to keep 51-percent stake.
Now, the GSM has to approve of the idea.