Poland plans to create state investment fund to finance takeovers
10:45
The Polish government wants to establish the Capital Investment Fund (FIK) that will be financed with a share of 30 percent of dividends from state firms and that will finance the Treasury’s investments in acquiring private enterprises according to a draft bill.
“In relation to the need of a stable source of financing the task of taking over shares in firms, the draft bill assumes the creation of a new special purpose fund tasked with financing that goal,” the draft said. According to the government’s estimates, the inflow of dividends to the fund would reach PLN 1.4 billion annually.
Other sources of revenue would include profit from “one-person State Treasury companies and non-tax revenues” which would reach up to PLN 429.6 million a year. The average income from dividends in the last 10 years (including the plan for 2018) amounted to PLN 4.7 billion annually.
