E&P segment would not be split from PGNiG, the Economy Minister Mr.Wozniak said. He explained that his statement from last week, suggesting such an alternative, could be misleading.
Our view: The E&P segment is the main profitmaker in the company and the spin off would certainly hit the total performance of PGNiG. The potential split represented a risk factor for minority shareholders in PGNiG, therefore we see the news as slightly positive.