Sale of PKO BP stake may resume in a month's time

A lot depends on the stability of the markets

Polish Deputy Treasury Minister Krzysztof Walenczak has said that the Treasury may resume PKO BP’s secondary public offer in late October or early November, reported Rzeczpospolita.

A 15.25 percent stake in PKO BP was initially supposed to be sold in late September, but the transaction was suspended in August due to market turbulence.

Mr Walenczak was speaking Thursday during the Central Eastern Europe IPO Roadshow, held in Warsaw.

The minister stressed that the bank’s SPO should take place if and when volatility on the market subsides to acceptable levels, and when global markets are once again open to large-scale transactions.

Mr Walenczak hopes that by the end of October the European Commission will adopt a package to stabilize the euro zone.

“Until that time there will be too much uncertainty in the markets,” said Mr Walenczak.

Poland A.M.