Poland’s deputy Minister Paweł Tamborski revealed that the two companies had joined the bid by the time the data room for potential buyers closed last week. “We’re currently waiting for the offers with best possible price,” Tamborski told the daily Rzeczpospolita.

Having already sold 25-percent of the PHN portfolio during its IPO on the Warsaw Stock Exchange last year, Poland’s government said it expects to close the privatization of the holding in the first half of 2014.

PHN’s privatization plan included Poland’s collecting PLN 98.9m in dividends and additional PLN 0.9m from the company’s base capital, raising its total contribution to the state budget to PLN 99.8m this year. (Source: cijjournal.com)