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Poland Plans $5B PKO Share Sale
Poland is planning to sell its stake in PKO Bank Polski in a public offering.
Polandis planning to sell its stake inPKO Bank Polskiin a public offering,Bloombergreports. The offering, which is expected to be held in September 2011, may be valued at up to $5 billion.
State-owned bank,Gospodarstwa Krajowego, will sell 10% of its stake in PKO, while the Treasury ministry will sell more shares. With the sale, the government will cut its total stake from 51% to 25%.
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Click here for additional coverage fromReuters.