PHN (Polish Real Estate Holding) confirmed it has applied for the approval of Poland’s Anti-monopoly Office for its first public offering, scheduled to take place this year on the Warsaw Stock Exchange. The number of shares expected to go on sale has not been agreed yet, but company’s representatives haven’t ruled out the possibility of it being as much as 100 percent. Paweł Tamborski, under-secretary of Department, says the IPO, which is scheduled for June, should only involve the shares held by Poland’s Treasury and that no new bond issue is being planned. PHN portfolio consists of 180 assets, mostly located in the Warsaw area, including a 1.5ha land bank.
