BGK's giant share handout to shore up social role

The value of the transaction will exceed zł.460 million. The most valuable stake will be that of the State Mint (Mennica Państwowa), which has a market value of zł.195 million. The state controls over 40% of shares in that company. The shares in Grupa Kęty and Pekaes, which will also be transferred, are worth over zł.60 million. BGK will not receive remaining state shares in strategic companies, copper concern KGHM and PKN Orlen. Although the value of the shares to be transferred might seem high, the bank's representatives had hoped to receive a capital injection of around zł.1 billion. BGK is being bolstered because it will eventually be responsible for handling numerous social and economic programs planned by the state using public funds. (Puls Biznesu, pp. 1, 3) A.K.