State Treasury to sell stakes in PZU, PKO and PGE still this year

Polish State's Treasury is planning to put on sale its stakes in three large state-owned companies, such as country's largest lender PKO BP, insurer PZU and power producer PGE still before the parliamentary election scheduled for October, treasury minister Andrzej Czerwiński told Reuters on Monday. "The treasury would like to sell shares in PZU, PKO and PGE by the end of the government's term to provide financing for investment projects which are part of Polskie Inwestycje,"  said Czerwiński. "The decisions will be taken by us in such a way to avoid turbulence on the stock market for minority shareholders of these companies," he pointed out.