Poland’s Treasury hopes to raise up to PLN 1bn from the Warsaw’s stock market through an initial public offering of the state-owned company PAK, schedule in the coming months.“At present, our privatization revenues are PLN 8bn. We hope the figure comes in at PLN 9bn at the end of the year,” says Paweł Tamborski, under-secretary in the Ministry of Treasury. The ministry applied to the Polish Financial Supervisory (KNF) at the end of August for consent to sell Zespołu Elektrowni PAK, with the offering date set for the beginning of the four quarter.
In late June, Poland’s Treasury suspended the planned IPO of the Polish Real Estate Holding (PHN) due instability on the capital markets saying at the time that the offering could take place in the autumn.
