Gulf funds eye Polish fertiliser makers - official

Sell-off chief says Kuwait and Qatar investment authorities looking to invest.
Gulf funds eye Polish fertiliser makers - official
By Dagmara Leszkowicz
Wed 10 Dec 2008 12:22 AM

Gulf Arab states' investment arms are interested in the privatisation of Poland's leading fertiliser makers Pulawy and Police, the head of Polish investment agency PAIiIZ said on Tuesday.

"There are a couple of sovereign wealth funds interested in a passive form of investing," Pawel Wojciechowski told reporters.

He mentioned Kuwait Investment Authority and Qatar's sovereign wealth fund as being interested in investments ranging from the purchase of a stake in the Warsaw Stock Exchange and Polish shipyards to real estate and the chemicals sector.

Poland has earmarked 12 billion zlotys ($3.9 billion) from the sale of the state-controlled companies in the next year's budget, but the global financial crisis could makes these plans difficult to achieve.

Earlier this year the government unveiled plans to consolidate the state-controlled chemicals companies into two larger groups and sell them to investors by the end of 2010. (Reuters)

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