EUROPE: Poland plans flotation in coal mining industry.
Poland's Deputy Economy Minister Krzysztof Tchorzewski announced in late July that the government could list state-controlled coalminer Katowicki Holding Weglowy (KHW) on the Warsaw Stock Exchange in late autumn 2008. The funds raised in the IPO would be used to finance investment in the company's facilities.
It is planned that other companies in the sector would subsequently be privatised although the government would retain control over the listed entities.
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