Prime Minister Ewa Kopacz wants to remain LOT Polish showcase. He does not intend to persuade Sebastian Mikosz to change his mind and remained at the head of the company, will instead require the Minister of the Treasury to especially monitor the process of its eventual privatization.
“LOT is our business card, and I want to so is to have the logo and that if any motions are made, were favorable for Polish businesses” – said the Prime Minister during Wednesday’s conference.
She said that does not know the reason why the company’s CEO Sebastian Miksza “so vigorously responded,” and resigned from his post.
“I respect his will, I will not persuade Mr. Mikosz to change his mind,” – she said.
“I will, however, require the Minister of the Treasury to very accurately monitor the situation and not going down the road, which could have a stronger position in the competitive market of our LOT, but also to specifically possible future privatization process monitor, “- he added.
On Tuesday, the president of LOT Sebastian Mikosz submitted to the chairman of the supervisory board resigned from the President. He will remain in office until September 17.
The Ministry of State Treasury reported that he is surprised by the decision Mikosz. Also announced further talks with a potential investor in the company.
Media speculated that the reason for giving up by the President LOT to resign They were protracted negotiations with a potential investor LOT, the US fund Indigo Partners. “Puls Biznesu” reported that a letter of intent had to be signed in mid-June, but after changes in the leadership of SMEs (including the dismissal of Treasury Minister Wlodzimierz Karpinski) This schedule shifted.
The newspaper reported that last week the Treasury sent a letter to Indigo Partners. In the Chancellor of the Exchequer had to thank you for your interest LOT and let you know that there are several scenarios analyzed for the company, including the sale of shares, capital increase and consolidation of state-owned companies in the aviation industry.
In the list – according to the “PB” – indicated that the final model of privatization must approve the analysis of an independent adviser and the corporate bodies of the company, and that they are time-consuming processes and lie outside the competence of SMEs, may not be completed for the current term of government.
Deputy Treasury Minister Wojciech Chmielewski denied SMEs in any way delay the process of privatization of LOT.
“Our intention is to bring SMEs to raise investor for the company’s principles of good for both the company and the Treasury, while maintaining all necessary corporate standards, with such a complex operation,” – reported on Tuesday.
Sebastian Mikosz was president of LOT twice. The first in 2009; for the second time in February 2013 year. At the end of 2012, LOT became insolvent and it was necessary to state aid for the company.
LOT shareholders are: the Treasury, which is 99.7 per cent. and TFS shares in Silesia – 0.23 per cent .; the remaining 0.06 percent. It belongs to the employees. (PAP)
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