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Poland plans to close PHN’s privatization by end year
Poland's treasury intends to close the second stage of the privatization of real estate holding PHN by the end of 2013 and sell its whole stake to a sector investor with the possibility to keep 20-25% stake, PAP Polish news agency reported on Tuesday

"In the basic scenario we assume selling all PHN stakes this year," deputy Treasury Minister Pawel Tamborski told PAP. "However, should there appear an investor that will show large growth potential and an attractive strategy, it is possible that we will keep 20-25% stake."

Treasury Minister chose Societe Generale and Deutsche Bank as financial advisors for the second stage of PHN privatization several years ago. Poland sold 25% of PHN in the first stage of the privatization process at the beginning of 2013.