Treasury announces it will sell minority stake in Ruch

"We aim at maintaining a 50% plus one share. We cannot say whether this will be sold in on go or in tranches," said Barbara Kasprzycka, the ministry's spokesperson. By announcing this decision the Treasury has made it clear that it will not invite a strategic investor into the venture. "There will not be one investor so that Ruch will not be taken over by one of the publishers in the future," Kasprzycka added. According to analysts, the Treasury will not be able to receive a bid for a minority stake in the company which would be financially satisfactory. The Securities and Stock Exchange Commission has already received Ruch's issue prospectus. The press distributor hopes to raise zł.120 million from the floor. (Puls Biznesu, pp. 1, 6) A.K.