State calls off summer sale
Treasury Minister Jacek Socha said the sales of gas monopoly PGNiG, power distributor ENEA and oil refiner Lotos will be pushed back, after Prime Minister Marek Belka was placed under increased pressure to call early elections in June.
The privatization of PGNiG and ENEA had been planned for June and Lotos was due to float in September under the government's zł.5.7 billion 2005 privatization program. "After Belka's statements, the Treasury Ministry has to ensure that there will not be any political collisions with the privatization process," Socha told a parliamentary committee.
"From what I can see, ENEA is a job for the autumn-I won't be the minister running the public offering," he said, adding that while Lotos could have been ready by June, its privatization would also have to wait. (Reuters)
L.M.
The privatization of PGNiG and ENEA had been planned for June and Lotos was due to float in September under the government's zł.5.7 billion 2005 privatization program. "After Belka's statements, the Treasury Ministry has to ensure that there will not be any political collisions with the privatization process," Socha told a parliamentary committee.
"From what I can see, ENEA is a job for the autumn-I won't be the minister running the public offering," he said, adding that while Lotos could have been ready by June, its privatization would also have to wait. (Reuters)
L.M.
