Citigroup leads the running in race to advise Treasury on PKO sell-off

Of the four, Citigroup Global Markets is tipped to be the leading contender, with Credit Suisse First Boston, HSBC Investment Services Polska and the Polish Advising Consortium also in the running. According to Deputy Treasury Minister Przemysław Morysiak, as soon as the tendering commission finishes the necessary analysis the adviser will be chosen by the end of the week, with an appeals period following thereafter. PKO BP's debut on the stock exchange this year is still uncertain, although Treasury Minister Zbigniew Kaniewski hopes that it will happen in November. Analysts estimate that the privatization of the bank will raise between zł.4-5 billion in revenues. (Puls Biznesu, p. 6) A.F.