Banks first to privatize; TPSA, HK to be sold before the end of September

He said that a majority stake in the leading Polish bank Pekao S.A. is going to be sold by the end of June. According to Wasacz, privatization of another large Polish bank slated for privatization - Bank Zachodni - will be completed in the third quarter of 1999. Also the privatization of Telekomunikacja Polska S.A. (TPSA), and steel mill Huta Katowice (HK) will be complete by the end of September. Wasacz added that so far 10 international airlines have expressed interest in purchasing a 10% stake in Polish Airlines LOT. The 1999 State Treasury income from privatization is planned to reach zl. 15 billion. (Prawo i Gospodarka, page 1, Parkiet, page 1)