Poland will launch a promotional tour in the hope to sell a 16% stake in energy distributor Enea later this month. Poland hopes to raise $500 million from the sale, which will be used to dent a 52 billion zloty ($18 billion) budget gap. Poland is also selling stakes in refiner Lotos in hopes to solve its budget crisis. It has already sold shares in KGHM, Europe’s second-biggest copper miner (IOD Jan.25,p9). Poland also plans on issuing initial public offerings for insurer PZU and utility Tauron.
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