Treasury tells state-held firms to sell non-core assets
October 31, 2012
Poland’s Treasury has conducted audit of non-core businesses held by large state-controlled companies and will incline managements of those companies to get rid of those assets.
The audit showed which businesses are core and the rest should be sold, liquidated or consolidated, Treasury Mininister Mikolaj Budzanowski said.
KGHM has already declared it has no plans to sell its spa business, but may change its mind under pressure from the ministry, as TreasMin declares its determination to make its strategic firms to sell non-core assets.