Poland to sell more of property group PHN in 2014-minister

Polski Holding Nieruchomosci SA

27/11/2013 13:24

WARSAW, Nov 27 (Reuters) - Poland may sell another chunk of real estate group PHN  PHN.WA  next year, Deputy Treasury Minister Pawel Tamborski said on Wednesday, confirming a Reuters report that the planned sale might be delayed from 2013. Poland, which owns almost 73 percent of PHN, sold a 25 percent stake in a 239 million-zloty ($77 million) share flotation earlier this year and said it wanted to look for a strategic partner for the company.  urn:newsml:reuters.com:*:nW8N0B400C  However, sources told Reuters in October that the treasury might need to delay any transaction pending a revaluaton of PHN's assets, jeopardising the government's target to raise 5 billion zlotys in privatisation receipts in 2013. ID:nL6N0HS1S7  "Banks are sending (marketing) teasers now so we need a few weeks to get to know how big the interest is," Tamborski told reporters. "Potential investors will have access to PHN's data until the end of March. We want to close the transaction next year," he added. The Warsaw bourse values PHN at around 1.15 billion zlotys. ($1 = 3.1001 Polish zlotys) (Reporting by Pawel Bernat; Writing by Marcin Goclowski; Editing by Greg Mahlich) ((marcin.goclowski@thomsonreuters.com)(+48 22 6539700)(Reuters Messaging: marcin.goclowski.reuters.com@thomsonreuters.net)) Keywords: POLAND PHN/