Poland expects strong market conditions for asset sales in 2013
October 17, 2012
Poland expects quantitative easing conducted by the ECB and Fed to bring about an economic revival mid-2013 and create satisfactory conditions for the sale of state stakes in listed companies, Finance Minister Jacek Rostowski told broadcaster TVP Info.
"To the best of our understanding, also thanks to the actions of the ECB and Fed, which are providing the global markets very significantly with liquidity, we think the slowdown we are experiencing now will last until H2 next year," Rostowski said. "In such a situation . . . we can rather expect that stock prices will be satisfactory," he said commenting on potential risks for the government's investment program to be realized by state bank BGK when capitalized with shares of state-owned firms.
Poland intends to hand surplus stakes in state firms to state bank BGK and thus create financing capacity for large infrastructural investments, PM Donald Tusk said last week.