State treasury transfers 2% stake in PKO to BGK

The State Treasury has transferred a 1.96 percent stake in state-controlled lender PKO BP, to state development bank BGK to boost its flagship investment program,  the Treasury Ministry informed. BGK has no plans to sell the stake, the ministry also said. Prior to the transfer, the State Treasury had a 31.39 percent stake in PKO. The ministry said it  will continue to control the lender.