Sale of Lotos Unlikely in 2011
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Poland is unlikely to privatize listed fuel group Lotos by the end of 2011 but, when the process gets going, a potential investor will be expected to announce a tender offer on 100% of Lotos shares yet keep the company on the WSE, deputy Treasury Minister Mikolaj Budzanowski told reporters.
"I expect the investor to announce a tender offer on 100% of shares but keep the company on the stock exchange," he added.
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