Ministry of Treasury Taking up shares in the increased initial capital - Privatisation procedures -

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Privatisation procedures

Taking up shares in the increased initial capital

A separate privatisation procedure is taking up of shares in the increased initial capital of sole shareholder companies of the Treasury, established as a result of commercialisation by entities other than the Treasury or other state legal persons as defined by the Act of 8 August 1996 on the Principles of Implementation of Treasury Powers (Journal of Laws No. 106, item 493 as amended). This way, the company obtains additional capital, however, it must be stressed that the Treasury does not obtain any proceeds therefrom – sold are the new shares issued/established by the company. Among others the companies Ruch S.A. and Polskie Górnictwo Naftowe i Gazownictwo S.A. were privatised under this procedure.

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Published by: Agnieszka Steindl
Author: Departament Prawny
Last change: 19.06.2009 Agnieszka Steindl
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