December 04, 2008

Poland holds off coal miners and KGHM privatization

Reuters reported that the new Polish government will not cut its stake at copper miner KGHM below 41.8% held at the moment.

Mr Donald Tusk prime minister of Poland in parliament said that his government would discontinue preparations to partially privatize the Polish coal mining sector. He added that "I was asked about continuing the KGHM privatization no we do not have such plans."

Mr Tusk also promised to accelerate privatization of state owned companies not seen as strategic to the country.