Privatisation yields on course, claims Treasury
PR dla Zagranicy
Nick Hodge
03.09.2012 16:14
Poland's deputy minister of the Treasury has claimed that revenues relating to the privatisation of state-owned businesses and properties are on target for 2012.
Pawel Tamborski. Photo: msp.gov.pl
Pawel Tamborski: photo - msp.gov.pl
“At the moment we have almost 8 billion zloty (1.9 billion euro) in revenues from privatisation, and we will soon have close to 9 billion (2.14 billion euro), counting transactions just carried out or close to being carried out,” Deputy Minister Pawel Tamborski told journalists at a press conference on Monday.
The government set itself the target of raising 10 billion zloty (2.38 billion euro ) in 2012, and Tamborski highlighted his hopes that “at least one Initial Public Offering (IPO) will garner 0.8 billion zloty (190.6 million euro) in revenue.”
Meanwhile, Tamborski has confirmed that the Treasury will not necessarily sell shares in PZU, Poland's largest insurer, to reach its targets.
The state controls a 35 percent share in PZU, and last year, a 10 percent stake in the company was sold to meet the government's privatisation targets. (nh)