Ministry of the treasury has plans for biggest banks

13-03-2008, 17:06

Warsaw (Puls Biznesu) – The ministry wants to sell the remaining stake of Pekao. It also supports PKO BP’s issue worth PLN 2-3bn (EUR 564-846m).

The Ministry of the Treasury considers selling the remaining 3.96 percent stake of Pekao shares. According to Michal Chyczewski, the deputy minister of the treasury, Unicredit should buy the stake or the stock could be sold otherwise.

“Within 2-3 months, decision will be made how to sell the shares. We are running talks with Pekao and the transaction may be concluded this year”, Michal Chyczewski said.

The ministry supports PKO BP’s plans to increase its capital by issuing shares worth PLN 2-3bn.

“This is the best way to secure the bank’s needs”, the deputy minister said.

He added that final decision will be made when the four-year privatization plan for PKO BP is published. The issue is possible in 2008, the state’s stake may fall to below 50 percent then.

(PLN 1 = EUR 0.282)

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