Poles ring up strong demand for phone IPO

Article Abstract:

Telekomunikacja Polska SA is receiving enthusiastic response from Polish investors regarding an initial public offering, despite the uproar that recently rocked emerging markets. The Polish government plans to sell 15% of the state-run phone company at prices ranging from 14.5 zlotys a share to 18 zlotys per share. Two-thirds of the 15% being offered for sale will be sold to international investors by means of global depositary receipts registered in London, UK. Meanwhile, 30% of the remaining one-third for sale will be offered to Polish institutional investors and 70% will be offered to domestic retail investors.

Comment:

Receives enthusiastic response for its IPO from Polish investors despite the uproar that recently rocked emerging markets

Wired Telecommunications Carriers, Organizational history, Telephone Communications, Telephone services, Telekomunikacja Polska SA

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Poland gears up for privatization of petroleum firms

Article Abstract:

Poland is about to start privatizing its petroleum refining and distribution companies after years of delay. In the next several days, the Polish government will solicit bids to acquire a majority stake in Rafineria Gdanska SA, the smaller of Poland's two big petroleum corporations. The Polish government will give investors the option to acquire up to 200 fuel stations from Centrala Produktov Naftowych SA (CPN), the country's leading fuel-station chain with 1,400 stations, to lure investors to buy a stake of Gdanska.

Comment:

Poland: Govt is about to start privatizing its petroleum refining & distribution companies after years of delay

Government domestic functions, Petroleum, Petroleum and Coal Products Manufacturing

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