Polski Holding Nieruchomości on the Stock Exchange

Polski Holding Nieruchomości will have its debut on Warsaw Stock Exchange yet in this quarter.

Ministry of Treasury implies that Polski Holding Nieruchomości will have its debut on Warsaw Stock Exchange yet in this quarter. Valuation of the coo-partnership will be shaped accordingly of book-building and will be addicted to investors' interest. Financial results of the coopartnership were published in the prospectus, however the Ministry of Treasury won't have influence when the approval will occur - says the spokesman of Ministry of Treasury.

Until the approval of the prospectus, the possibility of informing about the offer is limited because of the fact that all offers of the Ministry of Treasury are aimed at i.a. American investors.

As spokesman of the Ministry of Treasury says: According with the transferred announcement, in this week, to the information agencies (intention to float) the Ministry of Treasury on the way to IPO directed by institutional and individual investors plans to offer a package to 25% of coo-partnership's shares. Until now executed policy of empowering of the polish capital market and development of the concept of Public Shareholding (Polish: Akcjonariat Obywatelski) determines the plans of the Ministry of Treasury about guaranteeing of the pot of shares for individual investors. As spokesman of the Ministry of Treasury says that the exact information will be included in the prospectus. It will be published after the approval of Polish Financial Supervision Authority.

Process of privatization of Polski Holding Nieruchomości has to be divided into two stages. First one is IPO (first public offer). Second one implies, according to the information of the Ministry of Treasury's spokesman, selling to the strategic investor a significant package of shares and giving investor a control over the coo-partnership. The Ministry of Treasury is planning to undergo this stage until the end of this year.


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