The presidential race, opened by the accidental death of President Lech Kaczynski on April 10, promises to be tighter than expected. The President of the diet and Acting President, Bronislaw Komorowski, saw his lead melt 13 points in a month. The candidate of the Liberal Party to power would only collect 43 of the vote in the election of June 20. The conservative Jaroslaw Kaczynski the unresponsive with 36 of the vote, according to a survey of the PBS DGA Institute. Treasury Minister Aleksander Grad, however not preoccupied the impact of this vote on the important wave of privatization that he launched.
The partial privatization of the insurer PZU was a great success. What lessons are you getting the most important entry in the stock market registered in Europe since 2007
His popular success was surprising to say the least. More than 250,000 individual bought 7 million shares. This signal shows that the public had supported the sale.
Institutional investors responded also present...
Their application of titles was 9 times the volume of available capital. This is a first in Poland. We have also seen happen to investors who had never come in our countries as sovereign wealth funds and academic investment funds. This proves the quality of PZU. Investors also like the Polish market.
For what reasons
We were the only European country to register economic growth last year. Encouraging forecasts for 2010 and 2011, the stability of our currency, our willingness to join the euro area and the major European funds we receive are also the Poland a country where it is good to invest. Investors have also stopped to consider that our country was part of a block including Eastern Europe. They see us as a nation fully responsive to the crisis, privatizing and not by nationalizing.
Last year, your privatization you helped raise 7 billion zlotys (1.7 billion), while you expected 12. Why do you think this semi-échec will not be repeated in 2010
The first half of 2009 was really terrible. Investors had enough problems with their own assets to think in possible acquisitions. And the few businesses that came to see us proposed us far too low prices. On the first six months of the year, privatisation revenues did not exceed 600 million zlotys (EUR 149 million). In the second half, we however accumulated 6 billion zlotys and since the beginning of 2010, we have already won 7.5 billion zlotys (1.86 billion) if it takes into account the entry into Fellowship of PZU. We therefore believe that we will succeed as expected to reach 25 billion zlotys (6.2 billion) from privatizations this year.
However, you are still far from the account. What are the next public groups that should be sold in the coming months
The privatization of the second largest energy Polish group, Tauron, will be held in June. The prospectus provides the sale of 25 of the capital, but the Government allows me to assign up to 53 of the shares. We also intend to surrender the third and fourth energy groups in the country. But we are looking for Enea and Energa of industrial partners. We will not opt for entries in the stock market.
The full text of the interview on lesechos.fr/interviewlesechos.fr/interview
It has a margin of error limited to 120edu of the right to restitutionOur salaries are not paid by the industryTo date 17 industrial responded to calls for tenderThe idea very much my to him in the head for some timePurchasers can find houses around 450 000550All this to a Communicator and flexible networkWe have to do a customer with no money problemsNo doubt which failed in the recent past The employee is then more enclosed in a boxThe exhibition is open to a wide audience
