Ministry of Treasury Ownership transformation of state enterprises as of October 31, 2005 - Statistics -

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Ownership transformation of state enterprises as of October 31, 2005

In the period between August 1, 1990 and the end of October 2005, privatisation processes were initiated in 5,696 (364)1 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 enterprises2 (REGON), as of September 30, 2005, there were 1,084 state enterprises, including 24 enterprises for which the founding body was the Minister of the Treasury and one state bank.

 

As of September 30, 2005, the Minister of the Treasury supervised 1,450 companies, including 439 sole shareholder companies of the Treasury (sole shareholder companies of the Treasury) and 1,011 companies in which the Treasury held shares.

 

As of October 31, 2005, 1,575 (65) state enterprises were commercialised (i.e. 27.7% of the total number of enterprises under transformation), which resulted in establishment of:

 

 

 

 

  • 1,558 (64) 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 - October 2005, 13 state enterprises were commercialised, for which, in 3 cases, the founding body was the Minister of the Treasury, in the case of 1 enterprise the founding body was the Minister of National Defence, in the case of 1 enterprise the founding body was the Minister of Economy and Labour and, in the case of 8 enterprises, the founding bodies were province governors

 

Between August 1, 1990 and October 31, 2005, the Ministry of Ownership Transformation / Ministry of the Treasury and the Privatisation Agency made available shares / stakes in 1,015 (51) Treasury companies:

 

 

 

 

 

 

 

 

  • 359 (50) – by way of indirect privatisation (sole shareholder companies of the Treasury),
  • 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 (NFI).

 

Within the period of January – October 2005, privatisation of 7 sole shareholder companies of the Treasury (joint stock companies in which the Treasury is the sole shareholder) was initiated through the sale of the first block of shares including, in October 2005, a 75% block of shares was sold, by way of invitation to negotiations, in the company Przedsiębiorstwo Spedycji Międzynarodowej C. Hartwig Warszawa S.A. w Warszawie; the investor being IWB INVESTMENT Sp. z o.o.

 

Within the period of January – October 2005, privatisation continued in 78 companies with Treasury shareholding, through sale of subsequent Treasury shares. 86 sales transactions were concluded, including shares that were sold in October 2005 in the following 16 companies3:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • PRZEMBUD GDAŃSK S.A. w Gdańsku – 17.19% of shares, investor: Andrzej Stępniak, privatisation completed,
  • Janikowskie Zakłady Sodowe JANIKOSODA S.A w Janikowie – 8.94% of shares, investor: CIECH S.A., privatisation completed,
  • Inowrocławskie Zakłady Chemiczne SODA MĄTWY S.A. w Inowrocławiu – 8.40% of shares, investor: CIECH S.A., privatisation completed,
  • KOTLIN Sp. z o.o. w Kotlinie – 20.27% of shares, investor: ORKLA FOODS AS (Norway), privatisation completed,
  • Wytwórnia Konstrukcji Stalowych “MOSTOSTAL–CHOJNICE” S.A. w Chojnicach – 12.05% of shares, investor: Firma HPU "KEM" Elżbieta i Marian Krawczyk, privatisation completed,
  • MODUS Przedsiębiorstwo Odzieżowe S.A. w Bydgoszczy – 18.75 of shares, investor: HAKO Sp. z o.o., privatisation completed,
  • Zakłady Wyrobów Metalowych S.A. w Sławkowie – 10.18% of shares, investor: Poland Alloys Sp. z o.o., privatisation completed,
  • KAMPOLEONE S.A. (formerly Buma Properties S.A.) w Krakowie – 2,0862% of shares, investor: KAMPOLEONE BIS S.A., privatisation completed,
  • Fabryka Farb i Lakierów "POLIFARB-PILAWA" S.A. w Pilawie – 22.69% of shares, investor: ICI OMICRON BV (HOLANDIA), privatisation completed,
  • Fabryka Pił i Narzędzi WAPIENICA S.A. w Bielsku-Białej – 25% of shares, investor: KOELNER S.A., privatisation completed,
  • Przedsiębiorstwo Przemysłu Fermentacyjnego AKWAWIT S.A. w Lesznie – 0.07% of shares, investor: PHZ "Bartimpex" S.A., privatisation completed,
  • ERA 200 Sp. z o.o. w Warszawie – 41.65% of shares, investor: "ERA INWESTYCJE" Sp. z o.o.,
  • Przedsiębiorstwo POLMOS BIAŁYSTOK S.A. w Białymstoku – 61% of shares, investor: Carey Agri International Poland Sp. z o.o.,
  • Fabryka Samochodów Osobowych S.A. w Warszawie – 19.90% of shares, investor: ZAKRYTOJE AKCJONERNOJE OBSZCZESTWO Z INNOSTRANNOJ INWESTICJEJ "ZAPOROZISKIJ AWTOMOBLIRESTWO ITELNYJ ZAWOD",
  • Kompania Spirytusowa "WRATISLAVIA" POLMOS Wrocław S.A. we Wrocławiu – 0.20% of shares, investor: PHZ "Bartimpex" S.A.,
  • Walcownia Metali "ŁABĘDY" S.A. w Gliwicach – 12.25% of shares, investor: KGHM "METALE" S.A. w Lubinie.

 

Between August 1, 1990 and the end of October, 2005, 2,242 (164) 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 transformed enterprises). 2,151 (220) state enterprises were struck from the register.

 

Within the period of January – October 2005, 26 applications for direct privatisation were accepted. Within that period 32 directly privatised state enterprises were struck from the register of enterprises.

 

In the period between August 1, 1990 and the end of October 2005 no objections were raised towards 1,879 (135) applications for liquidation because of poor financial situation in accordance with art. 19 of the Act on State Enterprises. This figure accounts for 33% of the total number of transformed enterprises. 1,019 (173) enterprises were struck from the register, while in 675 (51) bankruptcy was declared.

 

Within the period of January – October 2005, the Minister of the Treasury did not raise objections towards 26 applications for liquidation for economic reasons, whereas in 29 cases liquidation for economic reasons was completed and in the case of 2 liquidated enterprises bankruptcy was declared.


1 The figures in brackets concern privatisation activities undertaken by February 29, 2004, by the Government remaining in office since October 19, 2001 (4th Parliament of the Republic of Poland) until October 30, 2005.
2 Statistical Bulletin, No. 9, GUS (Central Statistical Office), Warsaw, 2005, Table 61
3 In the company POLMOS BIAŁYSTOK S.A. w Białymstoku shares were also sold in May 2005.

Medatdane

Published by: Katarzyna Łapińska
Author: Department of Research and Analyses
Last change: 10.02.2006 , 14.09.2016 Piotr Krupa
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