The majority of this year’s privatization will consist in selling remaining stakes of formerly state-owned companies, Aleksander Grad, the Minister of the Treasury believes. The budget bill provides for PLN 2.3bn of revenues this year. The minister says that in fact this may be PLN 5.5bn this year and PLN 25-30bn within four years. A lot of cash will be raised thanks to selling small stakes of banks which are already private, including Pekao, BPH and BZWBK. The biggest companies to be privatized include power plants.
“Preparations to privatize Enea and PGE are very advanced. Enea will have its debut in the first quarter, PGE in the fourth quarter”, Jan Bury, deputy Minister of the Treasury said.
At first, the two companies will increase their capital by 10-20 percent.
The Ministry may also find investor for PAK power plants. This investor would not only buy the stake in the power plants from Elektrim and the state but also lignit mines cooperating with PAK which are state-owned enterprises. For sure, Elektrim controlled by Zygmunt Solorz-Zak won’t be offered PAK’s stake.
(PLN 1 = EUR 0.278)