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Poland: State energy sale continues IPO boom

 |  November 18, 2013

As Poland continues to pursue its asset sale target, officials are planning Europe’s largest initial public offering in two years through its sale of power utility Energa SA stake, say reports.

The state is looking to raise up to $913 million through the sale of the nation’s third-largest state-owned utility. Following the sale, the state will own 50 percent of the company.

The sale continues government sales as, in the past five years, Poland has sold shares in various Energa competitors including PGE, Tauron Polska Energia and Enea.

The sale also continues what reports call Poland’s IPO boom, the largest in Europe within the last two years.

Full Content: Bloomberg

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