Poland's Tauron picks UniCredit, UBS to manage IPO

WARSAW, Nov 17 (Reuters) - Poland's No. 2 utility Tauron chose the local arm of UniCredit (CRDI.MI) and UBS (UBSN.VX) to manage its planned share listing next year which could be worth more than $1.5 billion.

Tauron would become Poland's third listed energy group after state-controlled PGE PGEPa.WA, which completed Europe's largest 2009 initial public offer worth 6 billion zlotys ($2.2 billion) earlier this month, and Enea.

The sales of state-owned power producers are at the centre of Poland's ambitious plans to raise 36.7 billion zlotys from privatisations by the end of next year to help fund its growing budget deficit.

The company plans to list its shares by the middle of 2010. (Reporting by Chris Borowski; Editing by David Holmes) ($1=2.754 Zloty)