BRUSSELS Feb 1 The Polish authorities has no plans to purchase again extra stakes in Polish corporations from Western shareholders, however will have a look at market alternatives and think about gives if they’re made, Polish Deputy Prime Minister Mateusz Morawiecki stated.

The conservative authorities has purchased again, by means of state-controlled corporations corresponding to insurer PZU, shares in Poland’s greatest non-public financial institution, Pekao SA, from Italy’s UniCredit and a stake within the BPH financial institution from General Electric.

The transactions had been in step with the nationalist-minded authorities’s stance that it wish to see extra Polish capital within the banking sector and the financial system basically.

Asked if the Polish state, by means of the businesses it controls, would think about additional purchases within the banking sector or alternatives within the media sector, Morawiecki informed reporters in Brussels:

“We look at … opportunities which sometimes appear on the market. We neither stimulate them nor try to develop such opportunities.”

He stated the gross sales by UniCredit and General Electric had been prompted by the consequences of the worldwide financial disaster that started in 2008, which left many corporations in difficulties however helped return possession of banks again into Polish palms.

“As a result there was a ‘domestication’ of the banking sector, which makes me very happy, but we do not foresee any scenarios that on the horizon now there is another sector.”

“If there are offers, then maybe our companies will take part in them. I will be equally happy if these are purely private Polish companies, with Polish capital, which want to take part in such actions of ‘domesticating’,” he stated. (Reporting By Jan Strupczewski; Editing by Gareth Jones)





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