Sale of TPSA shares to greatly boost budget income

The Treasury Ministry has decided to put up to 11% of TPSA shares on the Warsaw Stock Exchange by the end of the year. The shares are worth around zl. 2.14 billion, a sum that could make up a good part of this year's income to the budget from privatization. This will practically close the privatization process for TPSA. The Treasury Ministry can also count on France Telecom (FT) buying another 2.5% of shares as was agreed last year when signing the contract for the purchase of a 12.5% stake in TPSA by the French operator. This new transaction by itself will boost budget revenues by zl. 625 million and assure FT a controlling stake in TPSA. (Puls Biznesu, p. 4) A.D.