Ministry of Treasury Ownership transformation of state enterprises as of February 28, 2005 - Statistics -

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Ownership transformation of state enterprises as of February 28, 2005

Ownership transformation of state enterprises as of February 28, 2005

 

In the period between August 1, 1990 and the end of September 2004, privatisation processes were initiated in 5,641 (309)* state enterprises under the Act on Privatisation of State Enterprises, the Act on Commercialisation and Privatisation of State Enterprises and article 19 of the Act on State Enterprises.

In the register of state enterprises (REGON), as of December 31, 2004, there were 1,306 state enterprises **, including for 31 enterprises and one a state bank the Minister of the Treasury was the founding body.

As of February 28, 2005, 1,568 (58) state enterprises were commercialised (i.e. 27.8% of the total number of enterprises under transformation), which resulted in establishment of:

  • 1,551 (57) sole shareholder companies of the Treasury,
  • 17 (1) companies with participation of creditors, in accordance with Section III of the Act on Commercialisation and Privatisation (commercialisation with conversion of liabilities).

In the period January – February 2005, 6 state enterprises were commercialised for which the founding body was:

  • Minister of the Treasury – 1 enterprise,
  • Minister of Defense – 1 enterprise,
  • Governor of the śląskie province – 2 enterprises,
  • Governor of the łódzkie province – 1 enterprise,
  • Governor of the małopolskie province – 1 enterprise.

Between August 1, 1990 and February 28, 2005, the Ministry of Ownership Transformation / Ministry of the Treasury and the Privatisation Agency made available shares / stakes in 1,009 (45) Treasury companies:

  • 353 (44) – by way of indirect privatisation (Treasury corporations),
  • 17 (1) - in accordance with Section III of the Act on Commercialisation and Privatisation,
  • 127 - under the framework of BPU (banking settlement procedure) – liabilities swap,
  • 512 - by way of contribution of shares / stakes to National Investment Funds (NIF).

In the period January – February 2005, privatisation was continued in 9 companies with Treasury shareholding, through sale of subsequent Treasury shares / stakes. In February 2005, shares were sold in 5 companies:

  • Zakłady Kompleksowej Automatyzacji MERAMONT Września S.A in Września – 1,97% of shares, investor: individuals, privatisation completed,
  • "LENKO" S.A. in Bielsko-Biała – 25,01% of shares, investor: Mirosław Gawle, privatisation completed,
  • Fabryka Elementów Hydrauliki "PONAR-WADOWICE" S.A. in Wadowice – 11,55% of shares, investor: Internetowy Dom Maklerski, privatisation completed,
  • Fabryka Aparatury Pomiarowej "PAFAL" S.A. in Świdnica – 25,06% of shares, investor: APATOR S.A., privatisation completed,
  • Fabryka Śrub in Łańcut "ŚRUBEX" S.A. in Łańcut – 25,01% of shares, public offer, privatisation completed.

 

In February 2005 took place the disposal of 2,07% of shares in Jupiter National Investment Founds S.A.

 

Between August 1, 1990 and the end of February 2005, 2,217 (139) applications for direct privatisation were accepted, in accordance with article 37 of the Act on Privatisation of State Enterprises and article 39 of the Act on Commercialisation and Privatisation (that figure accounts for 39.3% of the total number of privatised enterprises). 2,123 (192) state enterprises were struck from the register.

 

In January – February 2005, 1 application for direct privatisation was accepted (by way of sale). Within that period 4 directly privatised state enterprises were struck from the register of enterprises.

 

In the period between August 1, 1990 and the end of February 2005 no objections were raised towards 1,856 (112) applications for liquidation because of poor financial situation in accordance with art. 19 of the Act on State Enterprises. This figure accounts for 32.9% of the total number of privatised enterprises. 1000 (154) enterprises were struck from the register, while in 673 (49) bankruptcy was declared.

By February 28, 2005 Minister of the Treasury did not raise objections towards 3 applications for liquidation for economic reasons. Within that period in 10 cases liquidation was completed by removal from the register.

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* The figures in brackets concern privatisation activities undertaken by February 28, 2005, by the Government remaining in office since October 19, 2001 (4th Parliament of the 3rd Republic of Poland).

** Statistical Bulletin, No. 12, GUS (Central Statistical Office), Warsaw, 2005, Table 59

Medatdane

Published by: Julita Łoniewska
Author: Department of Research and Analyses
Last change: 11.04.2005 , 14.09.2016 Piotr Krupa
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