Polish Treasury mulls asking for dividend from all WSE-listed stocks it co-owns

By bne IntelliNews April 5, 2013

The ministry of treasury does not rule out that it will ask for dividends from all companies listed on the Warsaw Stock Exchange (WSE) in which the state still holds some stakes, according to minister of treasury Mikolaj Budzanowski. The goal would be to help reach the budget target of dividend income at the level of PLN 5bn, he explained. This would mean that the treasury would file for a dividend payment from Polish natural gas producer PGNiG whose management has recently recommended retaining the entire 2012 profit so as to be able to finance its extensive investment programme. Budzanowski said that the decision concerning the possible dividend from PGNiG as well as Poland's second-biggest oil company Grupa Lotos will be made at the turn of May. Earlier, the biggest oil firm PKN Orlen and the biggest copper firm KGHM hinted at the possibility of dividend pay outs.

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