Poland's LOT shareholders agree on flotation

WARSAW, Dec 20 (Reuters) - Shareholders of Polish national airline PLL LOT [LOT.UL] agreed on a flotation on the Warsaw bourse, the company said in a statement on Thursday.

The supervisory board of the flag carrier, in which the state holds almost 68 percent, said last month it wanted to list LOT on the Polish stock exchange and the company's chief executive Piotr Siennicki favoured the debut in third quarter of 2008.

The state treasury has previously said it wanted to retain control of 51 percent of the company after its market debut, though the new Treasury Minister Aleksander Grad said this week he could consider lowering that level. (Writing by Gabriela Baczynska; Editing by David Holmes)

Source: reuters.com