Ownership transformation of state enterprises as of 31 December 2011
- 8453 - number of state owned enterprises as at 31 December 19901.)).
- 5992 - number of state owned enterprises privatised between 1 August 1990 and 31 December 2011.
- 84 - number of state owned enterprises as at 31 December 2011.
I. Privatisation between 1 August 1990 and 31 December 20112.))
- commercialisation of 1753 state owned enterprises (29.3% of all privatised enterprises) resulting in formation of:
- 1736 sole shareholder companies of the Treasury,
- 17 companies with creditors' participation pursuant to Chapter III of the Act on Commercialisation and Privatisation (commercialisation with conversion of debt);
- approval of 2307 direct privatisation requests (38.5% of all privatised enterprises);
- approval of 1932 requests for liquidation due to poor financial condition pursuant to Article 19 of the Act on State Enterprises (32.2% of all privatised enterprises);
- shares in 1242 sole shareholder companies of the Treasury created through privatisation were made available through:
- contribution of shares to the National Investment Fund - 512 companies,
- indirect privatisation - 502 companies,
- exchange of debt for shares through bank settlement procedure (BPU) - 127 companies,
- gratuitous transfer of shares to local government units - 60 companies,
- acquisition of shares in the increased capital of a single shareholder company of the Treasury by entities other than the Treasury and state legal persons - 13 companies,
- other methods - 28 companies;
- 2221 state owned enterprises privatised by direct method were struck off the Register of Entrepreneurs;
- 1154 state owned enterprises were struck off the Register of Entrepreneurs following liquidation.
II. Privatisation activities between January and December 2011
- successful completion of 180 privatisation projects in 171 companies with Treasury shareholding, including:
- conclusion of 134 privatisation agreements for 126 companies;
- completion of 7 stock exchange projects;
- gratuitous transfer to local government units of shares held by the Treasury in 15 companies3.).);
- contribution of Treasury shareholdings to increase share capital in other companies with Treasury shareholding (24 entities)4.);
Overall, privatisation covered:
- 845.) sole shareholder companies of the Treasury, including 64 sole shareholder companies of the Treasury created through commercialisation;
- privatisation continued in 876.) companies with Treasury shareholding consisting of the sale of further stakes of shares;
- commercialisation was completed in 10 state owned enterprises and 2 cinematic institutions;
- 3 requests for direct privatisation were approved,
- the Minister of Treasury approved 4 requests for liquidation of state owned enterprise due to economic reasons;
- 12 state owned enterprises were struck off the Register of Entrepreneurs following liquidation; 1 enterprise was struck off the Register following direct privatisation, and 1 state owned enterprise was contributed to a single shareholder company of the Treasury;
- among the companies under the supervision of the Minister of Treasury, 46 companies were struck off the National Court Register (24 companies following liquidation and 22 companies following bankruptcy proceedings).
III. Entities under the supervision of the Minister of Treasury
As at 31 December 2011, the Minister of Treasury exercised voting rights attached to shares in 377 companies conducting business operations (excluding 153 companies with only employee shares).
Among the 377 "active" (operating) companies, the Treasury held:
- 100% stakes in 179 companies;
- majority stakes in 42 companies;
- minority stakes in 156 companies.
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1.) Statistical Bulletin no. 11, Central Statistics Office (GUS), Warsaw 1991, p. 57
2.) Applies to privatisation of state owned enterprises conducted by the Minister of Ownership Transformations /Minister of Treasury,
3.) For 1 company a share purchase agreement was concluded followed by gratuitous transfer of shares to local goverment unit,
4.) Including 2 share transfer agreements,
5.) Concerns: sale, contribution for increase of capital in another entity with Treasury shareholding, communalisation
6.) Concerns: sale, contribution for increase of capital in another entity with Treasury shareholding, communalisation.