Czech Prokom unit plans Warsaw IPO in 2008 - paper

...chief executive said in a weekly newspaper on Tuesday.

Marian Pijarski, head of the unlisted Czech computer systems integrator PVT, told the weekly magazine Euro in an interview that a secondary offering of the company's stock on the Prague exchange remained an option following a successful IPO.

"We are working on the assumption that we will go public next year, but it may also happen the economy will not be supportive of this move and the IPO will be delayed or rescheduled," Pijarski was quoted as saying.

Prokom fully owns PVT, which it bought in 2003 along with two financial partners in a government tender for 1.55 billion crowns ($74.38 million). The acquisition marked Prokom's first foray beyond Polish borders.

Pijarski said PVT was expected to report sales of 1.1 billion-1.2 billion crowns and profit of about 50 million crowns for 2006.

[PRAGUE/Reuters/Finance.cz]