Poland is pushing ahead with plans for a new round of privatizations as bankers dismiss suggestions that changes to the state pension system could put a dampener on Warsaw’s booming equity market.
On January 17 the treasury ministry awarded mandates for the first of three listings due in the first half of this year. Citi and UBS will act as global coordinators for the sale of the government’s 37% stake in Bank Gospodarki Zywnosciowej (BGZ), the lender majority owned by Rabobank.
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