Lotos oil giant proposes major share issue
PR dla Zagranicy
Polish state-controlled oil refiner Grupa Lotos is planning to increase its number of shares by 42.35 percent.
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)