Treasury Ministry makes zl. 245 million from privatizations so far in 2003

At the end of February, the revenues generated by the Treasury Ministry from privatization stood at zl. 245.2 million. Approximately zl. 198 million came from the sale of partial stakes with zl. 47 million coming from direct privatizations. Last month, the government initiated the sell-off process of two more state-owned companies - lime producer ZPW Trzuskawica, valued at zl. 84.5 million, and distiller Polmos Siedlce, worth zl. 15 million. So far this year, the Treasury has managed to sell 27 minority stakes for app roximately zl. 100 million, the largest transactions of this kind including the sale of power distributor GZE for zl. 68 million and porcelain company Lubiana for almost zl. 10 million. The Treasury expects to net zl. 7.4 billion from privatizations in 2003. (Puls Biznesu. p. 9) A.Z.