1/10/2008

Poland has no plans to cut stake in PKO - official

WARSAW, Jan 8 (Reuters) - Poland does not plan to decrease its holding in the country's No. 2 bank PKO BP BAPE.WA, and any new share issue would maintain its 51-percent stake, a deputy treasury minister told Reuters on Tuesday.

"There are no discussions about selling (treasury's shares in PKO)," said Deputy Treasury Minister Michal Chyczewski.

"There is the question of an issue to boost capital, which would not result in decreasing the treasury's stake."

He did not elaborate.

Source: By Kuba Jaworowski, reuters.com



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