The government takes initial steps to privatize Enea

The State Treasury is preparing the privatization of the largest power distributor, Poznań-based Enea, which was formed by consolidating five regional energy plants. According to unofficial reports, the State Treasury has already sent a letter to the company inquiring about its readiness to finance the services of a potential privatization adviser and to disclose all relevant information. This means the Treasury will soon announce a tender to select a privatization adviser. However, it still has not been formally decided whether Enea will be taken over by a strategic investor, or whether its shares will be floated on the Warsaw Stock Exchange. The tender for the privatization adviser will be one of the most lucrative in recent times, as after consolidation, Enea's annual turnover will reach zł. 4 billion. "Net profits are estimated at zł. 30 million," said Enea's president Jerzy Gruszka. (Puls Biznesu, p. 8) A.K.