Contradictions from ministry on the future privatization of Polfas

In this way, the consolidation will not be carried out on the basis of Ciech Polfa as envisaged previously although this company may acquire a small stake in the new entity since its sector experience is of great value. At the end of July, Deputy Treasury Minister Józef Woźniakowski said that the ministry intends to consolidate the three Polfas on the basis of one company which could be Ciech Polfa. He then said that the Treasury will sell a 51% stake through privatization, of which 5% would be given to the company employees and 36% sold to investors in a public offer next year. (Parkiet, p. 1) A.Z.