Now is the time to privatize, says KGHM executive

The state currently holds a 44% stake in the company which has an estimated value of zł.2.4 billion. The bullish stock market and peaking prices of copper create a favorable climate for the sale that could help bolster privatization revenues to zł.8.8 billion, in accordance with the budget. The market reacted with a 3.2% drop in the value of KGHM stock, even as analysts welcomed the remark, saying that reduced political interference with the company could add to shareholder value. Analysts predicted the decision may prove difficult for the current government, although the promised revenues are a powerful incentive to sell. (Puls Biznesu, p. 8, Parkiet, p. 3) A.N.