Poland clocks 3.13 billion euro in privatisation revenue
(WARSAW) - Poland's Treasury said Thursday that privatisation revenues since January totalled more than 12.5 billion zloty (3.13 billion euros, 3.9 billion dollars), or half the sum planned for 2010.
"Our revenues from privatisation exceeded 50 percent of the planned total for this year. It currently stands at just over 12.5 billion zlotys, with 111 successful projects," Deputy Treasury Minister Adam Leszkiewicz said, quoted by Polish PAP news agency.
Poland plans to raise 25 billion zlotys in revenue from the privatisation of state assets this year.
The Polish Treasury, which controls Poland's leading insurer, the PZU Group, and its minority shareholder Dutch insurer Eureko, in April sold 29.9 percent of the company for around two billion euros.
The Treasury also sold a 53 percent stake in the Tauron energy company raising 1.27 billion euros in June.
Holding a 98.8 percent stake in the Warsaw Stock Exchange, the Treasury is planning to offer close to a 63 percent stake in central Europe's leading exchange in a public IPO later this year.
During the global economic crisis in 2009, privatisation revenues came to 6.54 billion zloty, far shy of the 12 billion zloty forecast in the annual budget.
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