No decision has yet been made about the suggested breaking up of gas monopoly PGNiG or indeed if it will end up on the stock market. However the treasury cannot complain about lack of interest in those companies that were once part of PGNiG with German companies leading the pack.
Following the interest of Ruhrgas another potential investor has appeared seeking a stake in the distribution business of PGNiG. This is the German Thuega, in which E. On has a 61 percent stake.
The company says that it is interested in seeking a minority stake in those distribution companies that were once part of PGNiG. The final word in this will go to the treasury. Thuega has marked out its sphere of interest as being south west Poland. Ruhrgas has already announced that it intends to concentrate on the north west.
Thuega claims that it also wants to work with local authorities and businesses in the gas distribution business. The Germans freely admit that they have made no investments so far in this country and therefore they say that they will need the local knowledge of Polish partners. Thuega will supply know-how as well as placing some EUR100m in the construction and renovation of distribution networks.