Poland aims to sell Enea stake for $2.4 bln -report

Poland wants to sell its remaining 76.5 percent stake in utility Enea ENEAa.WA, minority owned by Sweden's Vattenfall [VATN.UL], for 7 billion zlotys ($2.4 billion), the treasury minister was quoted as saying on Monday.

In November, Poland sold 19 percent of Enea to Vattenfall for 1.7 billion zlotys as part of Warsaw's largest initial public offering last year.

The state-owned Swedish energy group has already said it wants ultimately to hold all of Enea.

"If we sell all of Enea, as planned, we should get some 7 billion zlotys," Treasury Minister Alkesander Grad in an interview with Gazeta Wyborcza.

Although Grad has said any investor would be allowed to bid for the Enea stake, Vattenfall is seen as the most likely buyer.

Grad added he hoped Vattenfall would also buy the remaining stakes of two other Polish energy companies, GZE and Vattenfall Heat Poland, for about 1.2 billion zlotys in early 2009. Poland was close to unloading the stakes in December, but Vattenfall backed out at the last minute over a disagreement with energy regulator URE on electricity prices.
Source: By Patryk Wasilewski, Will Waterman, reuters.com