PKP to create Employees' Property Fund from sales of shares and real estate

The new government has allowed for the creation of a zl. 9 billion Employees' Property Fund (FWP) by Polish State Railways (PKP). The national rail carrier will transfer to this fund 15% of financial resources coming from sales of its shares or shares of companies spun out of PKP and from sales of real estate. Beneficiaries of this fund will be current and former employees of PKP. An agreement to organize and run the fund is to be signed by TFI Bank Handlowy (TFI BH) by the middle of January. "This is a big enterprise and it requires a thorough analysis," said Marian Lukasiak, head of PKP's negotiating team. "There is no reason not to make it happen." TFI BH will develop the fund's regulations and will also manage PKP's Employees' Investment Fund. Almost 400,000 people have made claims to the property fund. (Puls Biznesu, p. 6) P.W.