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Poland eyes Aug sales of leftover bank stakes

Published 08/10/2009, 10:31 AM
Updated 08/10/2009, 10:33 AM
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WARSAW, Aug 10 (Reuters) - Poland wants to sell its leftover stakes in banks BZ WBK, Citibank Handlowy and Bank BPH as soon as this month to bring much needed funds to the state budget, a deputy treasury minister said.

"We will be ready to sell our stakes in BZ WBK, Citibank Handlowy and BPH in the second half of August," Adam Leszkiewicz told Reuters in an interview on Monday.

The treasury will keep the sale of its 4.2 percent stake in phone operator TPSA on hold for now because the share price of the France Telecom unit is lingering near a 5-year low.

"If it grows back above the 6-month average, which is 19.3 zlotys, we will consider selling the stake," he said.

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