Poland pushes on with $458m gas float

Tuesday 16 August 2005 at 16:00

The Polish government plans to launch the delayed $458m (€371m) initial public offering of PGNiG, the last major gas operator in central Europe still in state hands, before the end of next month. It wants to complete the deal ahead of general elections on September 25.

Reuters, reports that the Polish treasury was previously opposed to the planned listing on the Warsaw Stock Exchange because it feared that political infighting over the landmark privatisation could hurt its pricing.