PHN closer to privatization?

Two bidders have submitted offers for state-controlled real estate group Polski Holding Nieruchomości, according to sourced quoted by Forsal.pl. One of them is Grupa Radius, which confirmed the news. “The offer was submitted several weeks ago,” the company’s press office said. Radius had been interested in acquiring a stake in PHN in 2012. It received anti-monopoly approval, but the Treasury Ministry withdrew from the sale and floated PHN on the Warsaw Stock Exchange. According to market sources, a foreign investor is also interested in the privatization, possibly Griffin or ECI. Poland’s State Treasury now owns almost 71 percent in PHN, a stake valued at more than PLN 787 million.