Ministry may place less than seven companies on shortlist to buy Stoen shares

The Treasury Ministry will sell its majority stake in STOEN, Warsaw's leading energy supplier. Jan Szczasny, responsible for privatization of the energy sector, said that the shortlist of potential investors will be closed by the end of the month. By now there are seven companies showing interest in buying STOEN shares: Bewag of Berlin, EDF of France, Belgian Electrabel, American PSEG, German RWE, Swedish Vattenfall and Energomontaz P0lnoc from Warsaw. However, the department of energy privatization believes that not all of them should make it to the shortlist. The Treasury will sell all its shares in one go, which will net around zl.1.5 billion. This could be beneficial for STOEN, as it needs not only the capital but a real owner. The company sells over 5TWh of energy to 770,000 customers. (Prawo i Gospodarka, p. 3) A.D.