Poland’s energy giant Enea plans to go public on the Warsaw Stock Exchange within the next three months. But first, the IPO report must be approved by the state. A government spokesperson said the Ministry of Treasury has not yet decided on an exact date of the Enea privatization.
According to Paweł Samborks of Poland’s Treasury, Enea is hoping to attract a strategic investor, which means just 30 percent of the company would be trade on the Warsaw Stock Exchange.
“So far, the prices offered by investors failed to match the state’s expectations, as EU investors are being cautious when investing on the Polish energy sector,” said Robert Maj of KBC Securities. He added that an attractive market valuation could help increase the offers from the potential strategic investors.
