Poland seeking Bank Handlowy stake sale to Citi

WARSAW (Reuters) - Poland wants to sell a $124 million stake in mid-sized lender Bank Handlowy BAHA.WA to its majority owner Citigroup Inc (C.N: Quote, Profile, Research, Stock Buzz), deputy treasury minister said on Wednesday.

"In the case of Bank Handlowy we want to offer the sale of the remaining stake (2.5 percent) to its majority shareholder," Joanna Schmid told a parliamentary committee.

By the end of next year the treasury wants to offload all of its minority stakes in former state-owned companies after they were sold to foreign investors earlier in the decade.

These include 4 percent of Poland's Bank Pekao BAPE.WA, which the treasury seeks to sell to UniCredit (CRDI.MI: Quote, Profile, Research, Stock Buzz), and a stake in the country's former communist-era phone monopoly TPSA TPSA.WA, now a unit of France Telecom (FTE.PA: Quote, Profile, Research, Stock Buzz).

(Reporting by Marta Filipiak; Editing by David Cowell)