Lotos oil giant proposes major share issue
PR dla Zagranicy
Nick Hodge
13.08.2014 13:49
Polish state-controlled oil refiner Grupa Lotos is planning to increase its number of shares by 42.35 percent.
Image: sxc.hu
The announcement comes as the company prepares to increase its oil and gas production.
Lotos would issue shares to the value of 1 billion zloty (238.4 million euro) in a bid to finance its new operations.
Shareholders are due to vote on the matter on 9 September.
At present, the Treasury has a 53.2 percent stake in the company, which is Poland's second-biggest oil refiner. (nh)
Source: PAP/Reuters