PHN is to get on the stock exchange

Polish Treasury plans to privatize PHN Group. Polski Holding Nieruchomosci S.A. is a member of this group.

In January PHN S.A announced  its debut on Warsaw’s Stock Exchange later this year. The idea has become very popular due to the fact that the company is one of the largest of its kind in Poland.

Polish Treasury is currently working on two new transactions: introducing Polski Holding Nieruchomosci and Elektrownia PAK on Stock Exchange. We do hope that we manage to prepare these transactions in a way that stocks of those companies will get to Warsaw Stock Exchange.- said Pawel Tamborski the Undersecretary of Treasury.
We have chosen advisors and they have started their work. The companies are already engaged in the process of preparations. The work is in progress though. – says undersecretary.

The exact date of privatization of PHN Group is a secret but it is to occur no sooner than by the end of the second quarter of 2012.

PHN Group has been created last year as a result of merging the Polish Treasury companies from real estate market. They have collected real estate (including properties with buildings ) worth approximately 2.3 billion PLN. PHN Group consists of Polski Holding Nieruchomosci S.A. , Intraco S.A., Budexpo Sp. Z. o. o., Dalmor S.A. and Wroclawskie Centrum Prasowe S.A.

50% of stocks of Zespol Elektrowni Patnow-Adamow-Konin and 100% of stocks of PHN Group belongs to the Polish Treasury. In total the Treasury has got shares in 270 companies. Most of them is to be privatized by the end of  next year.

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