Privatization plan for this year is feasible - Treasury Minister
September 25, 2012
Poland's Treasury Minister Mikolaj Budzanowski said that this year's privatization plan should be accomplished thanks to the planned IPO of the ZE PAK power complex and several hundred million zlotys from the sale of companies to sector investors.
Last Thursday the Treasury Ministry sold the Emilia Furniture for PLN 115 million and the Mining Information Centre (COIG) for ca. PLN 70 million to sector investors. According to Minister Budzanowski, there will be a few more similar transactions until the end of 2012.
The minister said that Poland's 2012 privatization plan of PLN 10 billion was feasible.
“We have already implemented over 80 % of the plan so I hope that the sector privatization, the IPO of the ZE PAK and, hopefully, the PHN property holding offer will let us implement this year's assumptions," the minister told PAP Polish news agency.
Minister Budzanowski also said that by the end of 2013 the State Treasury might sell the PZU insurer, JSW coal company and PKO BP bank shares in accelerated book-building.