SwissAir receiver's 25 pct stake in Polish LOT to be sold on bourse - report |
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Published
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Thu, 18 Oct 2007 07:44
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WARSAW (Thomson Financial) - The receiver of bankrupt SwissAir will sell its 25 pct stake in Polish national airline LOT publicly when the flag carrier floats on the Warsaw bourse next year, daily Gazeta Prawna cited a source with the receiver as saying.Poland's deputy treasury minister said this week he had received signals that Germany's Deutsche Lufthansa AG was interested in buying the stake in Polish peer LOT from the receivers of its previous strategic investor.The source with the receiver said a stock exchange sale was more likely.'The best way out for LOT is to sell the shares publicly,' the daily cited the source as saying.The source added the receiver would put the stake up for sale after LOT's stock exchange launch, now planned for the third quarter of next year.Deputy Treasury Minister Dawid Jackiewicz told reporters earlier this week he would be opposed to the sale to Lufthansa of the stake, which is the residue from the Swiss airline's bankruptcy and subsequent restructuring several years ago.patrick.graham@thomson.com *48 22 447 2430pjg/akCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Polish LOT plans bourse debut in 2008, to issue new shares to fund strategy 