Cabinet approves sale of 18% stake in PKN Orlen to strategic investor

The Cabinet yesterday gave its approval for the sale of an 18% stake in PKN Orlen to a strategic investor. The 18% package, estimated by market analysts to be worth between zl.1.5 billion and zl.2 billion, is one of the Polish government's most attractive assets. The revenue from the sale will be a significant and much-needed addition to the impoverished budget. The Treasury Ministry describes the sale of the PKN Orlen stake as a step towards the possible unification of the Central European energy sector. (Gazeta Wyborcza, p. 21) M.T.K.