Poland Prepares PKO Share Sale That Could Reach $5 Billion
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Poland will sell shares in PKO Bank Polski SA in a September public offering that may value the central European largest bank’s sale as high as $5 billion, a record state-asset sale in the country.
State-owned Bank Gospodarstwa Krajowego will sell 10 percent and the Treasury Ministry will sell more shares according to market demand, Minister Aleksander Grad said. The government will cut its total stake, including Gospodarstwa’s shares, to as low as 25 percent from 51 percent.