Poland’s Financial Supervisory (KNF) is to decide on PHN’s first public offering, as the state-owned real estate holding has applied for a approval for the step last week. The holding is still to decide on the number of shares it would place on the market, but it could be even 100 percent, PHN has revealed. Nearly 30 percent of PHN’s shares could go to the individual investors, with some stake of the company planned to be taken by a real estate partner, the company informed. PHN’s portfolio includes nearly 180 properties, located mostly in the Warsaw’s area, with the land bank of 1.3ha.
