Ministry of Treasury Ownership transformation of state enterprises as of November 30, 2005 - Statistics -

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Ownership transformation of state enterprises as of November 30, 2005

In the period between August 1, 1990 and the end of November 2005, privatisation processes were initiated in 5,703 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 September 30, 2005, there were 1,084 state enterprises1, including 24 enterprises for which the founding body was the Minister of the Treasury and one state bank.

 

As of the end 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 November 30, 2005, 1,576 state enterprises were commercialised (i.e. 27.6% of the total number of enterprises under transformation), which resulted in establishment of:

 

 

 

 

  • 1,559 sole shareholder companies of the Treasury,
  • 17 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 - November 2005, 14 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 9 enterprises, the founding bodies were province governors

 

In November 2005, Przedsiębiorstwo Państwowej Komunikacji Samochodowej w Przasnyszu was commercialised (founding body: governor of the mazowieckie province).

 

 

Between August 1, 1990 and November 30, 2005, the Ministry of Ownership Transformation / Ministry of the Treasury and the Privatisation Agency made available shares / stakes in 1,020 Treasury companies:

 

 

 

 

 

 

 

 

 

 

 

  • 6 through taking up shares in the increased initial capital of sole shareholder companies of the Treasury by entities specified in article1, paragraph 2.1 of the Act on Commercialisation and Privatisation,
  • 358 – by way of indirect privatisation (sole shareholder companies of the Treasury),
  • 17 - 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 – November 2005, privatisation of 11 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 5 companies through taking up shares in the increased initial capital and in 6 companies through indirect privatisation.

 

Within the period of January – November 2005, privatisation continued in 81 companies with Treasury shareholding, through sale of subsequent Treasury shares. 89 sales transactions were concluded, including shares that were sold in November 2005 in the following 2 companies:

 

 

 

 

 

  • METALURGIA S.A. w Radomsku – 25.21% of shares, investor: Met Invest Sp. z o.o., privatisation completed,
  • "GEMAR-UMECH" Sp. z o.o. w Pile – 0.58% shares, investor: Mariusz Kochanowski, Eugeniusz Wylęgała, privatisation completed.

 

Between August 1, 1990 and the end of November, 2005, 2,244 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 39.4% of the total number of transformed enterprises). 2,152 state enterprises were struck from the register.

 

Within the period of January – November 2005, 28 applications for direct privatisation were accepted. Within that period 33 directly privatised state enterprises were struck from the register of enterprises.

 

In the period between August 1, 1990 and the end of November 2005 no objections were raised towards 1,883 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. 1,021 enterprises were struck from the register, while in 676 bankruptcy was declared.

 

Within the period of January – November 2005, the Minister of the Treasury did not raise objections towards 30 applications for liquidation for economic reasons, whereas in 31 cases liquidation for economic reasons was completed and in the case of 2 liquidated enterprises bankruptcy was declared.


1 Statistical Bulletin, No. 9, GUS (Central Statistical Office), Warsaw, 2005, Table 61

 

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