Poland had expected to meet privatization targets by 2014 through several sale of its stakes listed in companies. According to its Deputy Treasure Minister, the move was after it had run out of attractive firms to float, said on Monday.
Poland had expected to book USD1.15 billion from the sales of its assets by next year. This was lower than what than the planned USD5 billion for 2013. This was according to a statement by Treasury Minister Wlodzimierz Karpinski earlier said last Monday.
Pawel Tamborski, Deputy Treasury Minister said on Monday, "Privatization revenues in 2014 will come from the sale of share packages owned by the treasury ministry. New IPOs seem unlikely, as there are no companies which could be attractive for the market."
From its total 2013 target, Poland had already booked a total of PLN1.9 billion to date. The biggest deals that were accomplished include buying stake in the country's largest lender PKO BP and Azoty.
Last February, real estate group PHN was set to debut in an initial public offering. This was the only IPO for the year. Poland also planned IPO for Energa and PKP Cargo.
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