Poland holds nearly PLN 9bn privatization receipts after ZE PAK's IPO
October 31, 2012
Poland’s Treasury currently sports close to PLN 9 billion in privatization receipts after the IPO of power utility ZE PAK, the Treasury Minister Mikolaj Budzanowski told broadcaster TVN CNBC.
"We are approaching 90% of 2012 privatization plans' realization, that is around PLN 9 billion," Budzanowski.
Poland sold its stake in ZE PAK at PLN 681 million during the debut, Budzanowski said. ZE PAK opened in its debut on the WSE at the level of its IPO price of PLN 26.2. In early trade, ZE PAK was priced at some PLN 26.21-26.22.