No rush to sell further stakes in JSW miner - deputy Treasury Minister
October 16, 2012
Poland’s Treasury sees no time pressure in the process of selling a stake in coking coal miner JSW, deputy Treasury Minister Pawel Tamborski said at an industry forum in Katowice.
"As far as this year's privatization receipts to the budget are concerned, we are close to realizing them," Tamborski said.
"Therefore we do not need to . . . rush [with the sale of JSW shares], we are in a comfortable position and we may calmly plan our operations."
The agreement between Poland and JSW's employee representatives which stipulates that Poland retain an over 50% stake in JSW "is still in place," Tamborski also said, but added that it is worth to discuss lowering the stake of the State Treasury in the firm.