Privatization
Polish Treasury demands higher dividends
Polish Treasury Ministry is pushing for higher dividends from government-controlled corporations. Jacek Socha's department said earlier it plans to raise as much as 2 billion zloty from dividends this year, some 500 million zloty more than its initial target. In the last few weeks alone Socha said he may vote for higher dividends from KGHM copper mine and PKN Orlen oil refinery over the heads of their CEOs.
Petrochemicals
Grupa Lotos falls from post-IPO high
Shares of Grupa Lotos oil refinery closed at 30 zloty a share yesterday after sliding steadily throughout the day from their IPO high of 32 zloty in the first moments of trading on the Warsaw bourse. Rights to shares, which also begun trading yesterday, closed at 30.1 zloty, just 3.8 percent above their selling...