Poland seeks legal advisers for Energa IPO

WARSAW Wed Jan 9, 2013 8:54am EST

WARSAW Jan 9 (Reuters) - Poland is seeking legal advisers for the stock market debut of its No.4 utility Energa, the treasury said on Wednesday.

The treasury, which owns 84 percent in Energa, said the initial public offering (IPO), scheduled for 2013, could be accompanied by a new share issue.

The IPO would be part of the ministry's plan to generate 5 billion zlotys ($1.6 billion) from stake sales in 2013 compared with 9 billion in 2012.

After eight months of 2012, Energa's net profit was up by almost four percent to 610 million zlotys.

($1 = 3.1572 Polish zlotys) (Reporting by Agnieszka Barteczko; Editing by Mark Potter)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.