Silesian power plant to be main privatization of the year?

The April 30 deadline for a capital injection into Górnośląski Zakład Elektoenergetyczny (GZE) power plant by Vattenfall which controls 34.1% of its shares, will not be kept. The Treasury Ministry has agreed to a delay on the issue until negotiations concerning the sale of a remaining 52.3% stake in GZE are concluded by the end of the month. The prolongation of the negotiations were necessary due to the resignation of the Treasury Minister. The sale of this stake might be one of the most significant privatization revenues this year, as the value is estimated at around zł. 1.7 billion. Analysts are confident however that the sale will not take place without a discount reaching 20%-30%. (Puls Biznesu, p. 8) A.K.