Weglokoks waits for recovery

5 April 2012

Poland’s coal giant Węglokoks has postponed its IPO on Warsaw Stock Exchange hoping to wait out the slump on the share market. The company is reportedly preparing to go public in spring 2013, rather than in the fourth quarter of 2012, as previously thought. ā€œWe would like to see our company to be ready to go public this autumm, but it might be that the spring of 2013 would be a better timeā€, says Tomasz Tomczykiewicz, Poland’s deputy Finance Minister. If the public offering took place in Q4 2012 as planned, as much as 40 percent of the state-owned Węglokoks would go on the trade market.

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