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Article: Regions: Europe - On the market.
- Article from:
- Foreign Direct Investment
- Article date:
- April 1, 2009
CopyrightCOPYRIGHT 2009 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Tom Blass
Poland is for sale - this was the message brought by the country's treasury minister Alexander Grad on a fleeting visit to London in late February.
Mr Grad visited London to announce a major privatisation programme for 2009, which will see the Polish treasury divesting its interests in about 800 companies in different industrial sectors over a period of four years or more, depending on market conditions and investor appetite.
The minister acknowledged that the announcement comes at an interesting or even difficult time, but believes that the dangers of realising a less than optimum price for state-held assets are outweighed ...