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The Warsaw Voice » Business » July 2, 2014
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Poland offers 65 million shares in PGE power via ABB
July 2, 2014   
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Poland's investment SPV PIR is selling 65 million shares in large-cap power utility PGE via accelerated bookbuilding, a market source told PAP POolish news agency.

The 65 million shares represent roughly 3.5% of the company. The stake is estimated at around PLN 1.3 billion.

Poland's Treasury controls 1.16 billion shares or a 61.89% stake in PGE, according to PGE's website.

Poland had vowed to transfer minority stakes in Treasury-controlled companies to state bank BGK and PIR in order to finance the "Polish Investments" program.
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