WARSAW Jan 28 Polish railway operator PKP plans
to list goods carrier PKP Cargo, which it co-owns with the
government, by early next year.
"We will chose advisers probably this week," Jakub Karnowski
told a news conference on Monday. "We want to sell as many
shares as possible, but we want to keep a majority stake of 50
percent plus one share."
Earlier this month, sources told Reuters that Poland was
seeking advisers for PKP Cargo's stock market floatation, with
the initial public offering's (IPO) value seen at around 500
million euros ($674 million).
PKP Cargo, one of the biggest goods carriers in the European
Union, is 91 percent government-owned with PKP controlling the
balance. It expects net profit to fall 15 percent in 2013 to 252
million zlotys ($81 million).
Karnowski also said the loss-making PKP, strapped for money
to revamp infrastructure and cut debt, hoped to announce a buyer
for its telecoms unit TK Telekom, valued at around 400 million
zlotys, in the next two weeks.
Last year, PKP returned to a previous shortlist of potential
TK Telekom buyers GTS, Netia, and Hawe after
exclusive talks with the consortium of Hawe and IT Polpager came
to no avail.
($1 = 0.7421 euro = 3.0986 zlotys)
(Reporting by Pawel Sobczak; Writing by Adrian Krajewski;
Editing by Dan Lalor)