EBRD ponders new projects following sale of bank Pekao

On Friday, the European Bank for Reconstruction and Development (EBRD) comp leted the sale of half of its 6.6% stake in the largest publicly traded ban k, Grupa Pekao, for zł. 1.1 billion. The bank sold approximately five milli on of its shares in the bank, which is majority controlled by Unicredito. E BRD Chief Executive Officer, Jean Lemierre, said in an interview for Parkie t, that his bank was also interested in a minority stake in Bank Gospodarki Żywnościowej (BGŻ), but the fact that BGŻ is controlled by the Treasury mig ht be a stumbling block to this plan. The EBRD, which has invested more than EUR 2.6 billion in Poland since 1992 is considering a future engagement in the restructuring of Polish State Railways (PKP) and other projects. Next y ear, it intends to spend approximately EUR 350 million in various projects across the country. (Parkiet, pp. 1, 2) A.Z.