Poland selling 5 per cent stake in country’s largest utility for $600m

Poland is selling a 5 per cent stake in PGE SA (PGE), the country’s largest power utility, to finance the budget deficit and curb borrowing needs.

The government seeks to raise over $3bn this year from state-asset sales, compared to $4bn in 2011, to help fund spending after posting a deficit equal to about 5.6 percent of gross domestic product last year.

Poland sold 10 perc ent of the utility in 2010.

For more power business news



Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...