Gov't adds 85 million extra shares in PKO BP privatization

The decision means that the Treasury will sell 385 million and not 100 million shares as was earlier anticipated. Following the enlargement of the stake to be sold, the Treasury will be left with 51% stake in the bank. This also means that the expected reduction rate which was to amount to between 94-96% will now be much lower. According to unofficial information this decision was not made at a cost of lowering the stakes offered to domestic and foreign institutional investors. It is worth reminding that already 55 million shares were sold to private investors through privatization accounts. (Rzeczpospolita, p. B1; Gazeta Wyborcza, p. 1) A.K.