Offers for PHN expected in April
Poland’s State Treasury would like to have the privatization process of real estate group Polski Holding Nieruchomości (PHN) completed in H1 2014 and expects investor offers this month, Reuters reported.
“Technically it is possible that a bid for PHN will happen in April,” Deputy Treasury Minister Pawel Tamborski told the agency.
The Treasury holds a 73-percent stake in PHN, which is worth some PLN 1 billion. It plans to sell the shares to a strategic investor.
