State treasury wary of selling blue-chip shares

Polish government is "flexible" when it comes to selling stakes in the biggest state-owned companies like PZU, PGE and PKP BP, Deputy Treasury Minister Krzysztof Kowalczyk said on Friday. Earlier, Treasury Minister Andrzej Czerwiński speculated that the treasury could offload part of its stakes before the parliamentary elections, scheduled for this Octob Thus, the blue-chip shares may not be put on sale till this fall, as minister Andrzej Czerwinski said before. "We have a lot of flexibility in the choice of firms, the size of the stakes and the moment of selling them to finance  the Polskie Inwestycje program," Kowalczyk pointed out. "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 in the late June.