The Polish Treasury ministry sold its remaining 4.15% stake in Telekomunikacja Polska (TPSA), Poland’s largest telecommunications company.
As a result, the state no longer holds any equity in the business, which is controlled by France Télécom. Poland…
The Polish Treasury ministry sold its remaining 4.15% stake in Telekomunikacja Polska (TPSA), Poland’s largest telecommunications company.
As a result, the state no longer holds any equity in the business, which is controlled by France Télécom. Poland divested its stake in the company in 44 stock market sessions between 14 January and 5 August this year for a total value of PLN884.9 (US$293m), according to Reuters.
The sale was part of the government’s privatisation plan for this year, which aims to raise a total of PLN25bn (US$8.26bn).
TPSA and the Polish Treasury ministry declined comment until the issue of a press release, timed after Telecomfinance goes to press.
