Poland eyes PLN 3.7bn privatization receipts next year
September 3, 2013
Poland's Treasury Minister Wlodzimierz Karpinski
The Polish government plots PLN 3.7 billion privatization receipts in 2014 and expects the amount to be decreasing in the following years, Treasury Minister Wlodzimierz Karpinski said during an investment forum in Tarnow, southern Poland.
"Privatization receipts next year will amount to PLN 3.7 billion and will be decreasing in the following years," Karpinski said.
Next year's privatization receipts will mostly be raised via sales of stakes in listed companies, deputy Treasury Minister Pawel Tamborski added later on Monday.
"We hold a portfolio of listed companies and we will strive, as we have done so far, to surprise the market," Tamborski said. "There will probably be some blocks [of shares] that we will be able to sell."
IPOs are a less likely source of budget revenues in 2014, after the offerings of Energa power and PHN real estate, planned yet in 2013, the official added.
"Now we are focusing on Energa and PHN," he said. "There are ever fewer possibilities of introducing firms to the WSE. There are companies which could enjoy investor interest but that would require changing existing laws."
For 2013 Poland plans PLN 5 billion privatization receipts. Poland collected PLN 1.89 billion in privatization receipts from the beginning of the year to end-August 2013, the Treasury Ministry wrote in a statement sent to PAP Polish news agency on September 2.