Reuters: Poland should consider nationalising top gas group - regulator

Poland should consider nationalising and delisting its top gas group PGNiG from the Warsaw bourse to safeguard the country's energy supply, the energy regulator said.

The state already holds 72.4 percent of PGNiG. Nationalization would mean that Poland would buy back the company's shares from private shareholders, mainly pension funds.

"Maybe there should be a redemption of shares and a removal from the stock market?" the energy watchdog's newly-appointed head Maciej Bando told daily Rzeczpospolita in an interview published on Monday.

PGNiG, listed since 2005, has little room to adjust gas prices in line with demand as they are fixed by the regulator. Three quarters of the gas it sells is imported from Russia under long-term contracts with Gazprom.
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