The Ministry of the Treasury (MSP) is currently checking the managements of energy groups. It wants to learn about their detailed plans on investment and listing. This is the way of privatization planned by the previous government and the new one is not going to change it.
“Enea group of Gdansk is the closest to being listed. According to Pawel Mortas, its CEO, it is possible to list the company in the first quarter of 2008. Enea management has already booked rooms in Warsaw to meet investors. Privatization advisor will soon be chosen. This seems very real”, Jan Bury evaluated.
Pawel Urbanski, PGE CEO, has also chances to keep his post. First, however, he must present agenda of listing.
“According to management’s declarations, the company will be ready for listing in the last quarter of 2008. We are not pretty sure it will be possible. We want to make sure if the restructuring and preparing for the IPO are as advanced as the management says”, the deputy minister said.
Barbara Klimiuk, head of Energa from Gdansk, also met at MSP. Jan Bury believes that diligent strategic decisions should be made within the company. Energa is the only energy group left without production unit.
“We want the management to prepare an investment program soon. Energa should quickly build its own production sources. Unless suitable strategy is presented, the company will be listed with one of the other groups. I don’t know with which one yet because every single CEO is trying to convince me that Energa should be merged with his company”, Jan Bury said.
Joanna Strzelec-Lobodzinska, Tauron CEO, can’t be sure she’ll hold her post as well.
“I haven’t had the chance to meet Tauron management
but I’m worried about the signals on internal conflicts within this group and
within the management as well”, the deputy Minister said.
