close

  • To serve Poland – to build Europe – to understand the world
  • PRIVATIZATION IN POLAND

  • Privatisation plan for the years 2008-2011

    On 22 April 2008, the Council of Ministers adopted a document titled “Privatisation Programme for the years 2008-2011” under which 740 state-owned companies operating in several market domains were to be sold to private investors. On 10 February 2009, The Council of Ministers extended the list of companies to 802 entities. Joining the list were companies created through commercialisation (transformation of an enterprise into a commercial company or partnership).

    Ownership changes in respective branches will be brought about in accordance with government programmes and sector strategies, both present and those which will be adopted during the implementation of the programme. According with the plan, the process of ownership transformations in most of the abovementioned sectors and branches will be finalised in the years 2008-2011. 

    It is estimated that by 2011 the total proceeds from privatisation will amount to PLN 30 billion. These budget revenues will be used in particular to support restructuring processes in various enterprises, key social programmes (including scholarships for young scientists) and to provide compensation for individuals who lost their property. 

    In order to facilitate the privatisation process during 2008-2011, some changes have been necessary to legislation prepared by the Ministry of Treasury concerning commercialization and privatisation. These changes:

    1) increase the openness and transparency of the privatisation process,
    2) allow the free transfer of stocks and shares owned by the Treasury to local government authorities,
    3) adjust the remuneration of Treasury company board members to reflect market norms,
    4) authorise the sale of stocks/shares of companies by public auction,
    5) simplify privatisation procedures,
    6) lower privatisation costs,
    7) shorten the length of privatisation processes.

    The privatisation plan covers companies from key finance, power, chemical and petroleum sectors where privatisation has already started or will commence, as well as the following industries: machine, metal, electronic, electro-technical, spirits, food, wood and paper, furniture, clothing and clothing raw materials, transport and freight, trading companies and service units as well as minority shareholdings (the residues) or companies from the NFI Program.

    Privatisation Plan for the years 2008-2011

    http://www.msp.gov.pl/portal/en/6/766/Privatisation_plan_for_the_years_20082011.html

    Privatisation offers

    http://www.msp.gov.pl/portal/en/43/Announcements.html

    Investor Relations Centre of the Ministry of Treasury:

    Ph: (+48 22) 695 90 01
    Ph: (+48 22) 695 90 02
    Fax: (+48 22) 629 98 38

    investor@msp.gov.pl

    Website of the Ministry of Treasury: http://www.msp.gov.pl/portal/en

    KEY PRIVATISATION PROJECTS FOR THE YEARs 2010-2011

     

    No.

    Company

    Branch

    Treasury’s stake
    /stake for sale

    Procedure

    1.

    Enea S.A.

    Energy

    76.48%/67.05%

    Sale on the WSE/negotiations

    2.

    Tauron Polska Energia S.A.

    Energy

    88.65%/10-35%

    Sale on the WSE

    3.

    PGE Polska Grupa Energetyczna S.A.

    Energy

    85%/10-35%

    Sale on the WSE

    4.

    Energa S.A.

    Energy

    91.28%/82.63%

    Negotiations

    5.

    ZE PAK S.A. (Zespół Elektrowni Pątnów-Adamów-Konin S.A.)

    Energy

    50%/50%

    Negotiations

    6.

    EC Zabrze S.A. (Elektrociepłownia Zabrze S.A.)

    Energy

    100%/85%

    Negotiations

    7.

    LW Bogdanka S.A.

    Hard coal mine

    60.53%/51%

    Public offer

    8.

    KWB Adamów S.A. (Kopalnia Węgla Brunatnego Adamów S.A.)

    Lignite mine

    100%/85%

    Negotiations

    9.

    KWB Konin S.A. (Kopalnia Węgla Brunatnego Konin S.A.)

    Lignite mine

    100%/85%

    Negotiations

    10.

    WZK Victoria S.A. (Wałbrzyskie Zakłady Koksownicze Victoria S.A.)

    Coke works

    100%/85%

    Negotiations

    11.

    The Warsaw Stock Exchange (GPW
    w Warszawie S.A.)

    Stock exchange

    98.82%/51%-73.82%*

    To be decided

    12.

    The Mint of Poland (Mennica Polska S.A.)

    Securities

    31.64%/31.64%

    Public procedure

    13.

    First Chemical Group: Ciech S.A., ZAK S.A. and ZAT S.A. (Zakłady Azotowe w Tarnowie S.A.)

    Chemical

    36.68%/36.68%, 86.28%/85%, 52.56%/52.15%

    Negotiations

    14.

    ZA Puławy S.A. (Zakłady Azotowe Puławy S.A.)

    Chemical/nitrogen works

    50.68%/50.12%

    Public procedure

    15.

    Zakłady Chemiczne Police S.A.

    Chemical works

    59.41%/59.23%

    Public procedure

    16.

    Grupa Lotos S.A.

    Petroleum

    53,19%/**

    Lock-up**

    17.

    KiZCS Siarkopol S.A. (Kopalnie i Zakłady Chemiczne Siarki Siarkopol
    w Grzybowie S.A.)

    Sulphur mine
    and works

    100%/85%

    Public procedure

    18.

    ZGH Bolesław S.A. (Zakłady Górniczo-Hutnicze Bolesław S.A.)

    Metallurgy
    /mining

    100%/85%

    Sale on the WSE
    /negotiations

    19.

    Centrozłom Wrocław S.A.

    Metallurgy/metal processing

    100%/85%

    Negotiations

    20.

    BGŻ S.A. (Bank Gospodarki Żywnościowej S.A.)

    Banking

    37.2%/37.2%

    Council of Ministers consent
    /negotiations

    21.

    TP S.A. (Telekomunikacja Polska S.A.)

    Telecommunications

    4.15%/4.15%

    Sale on the WSE

    22.

    Poznań International Fair (Międzynarodowe Targi Poznańskie Sp. z o.o.)

    International fair

    60%/up to 60%

    To be decided

    23.

    Ruch S.A.

    Press & FMCG distributor

    56.86%/up to56.63%

    Sale on the WSE
    /negotiations

    24.

    Dipservice w Warszawie S.A.

    Property management

    100%/up to 85%

    To be decided

    25.

    TON Agro S.A. (Towarzystwo Obrotu Nieruchomościami Agro S.A.)

    Property management

    100%/up to 100%

    To be decided

    26.

    H. Cegielski Poznań S.A.

    Machine

    100%/85%

    Negotiations

    27.

    Nitroerg S.A.

    Defence

    100%/85%

    Auction

    28.

    Intraco S. A.

    Services/property management

    100%/up to 85%

    To be decided

    29.

    GAT S.A. (Gliwicka Agencja Turystyczna S.A.)

    Services/tourism

    100%/100%

    Auction

     

    * new privatisation strategy to be developedas

    ** a 180-day lock-up as part of a transaction finalised in January 2010 

    Print Print Share: