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Polish KGHM needs protection from hostile takeover -minister

Published 2016-02-26, 07:56 a/m
© Reuters.  Polish KGHM needs protection from hostile takeover -minister
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WARSAW, Feb 26 (Reuters) - Poland's KGHM KGH.WA Europe's
second-biggest copper producer, needs protection from a
potential hostile takeover, treasury minister said on Friday,
adding that previous governments should not have sold a part the
state's its shares in the company.
"I see no justification for the shares sale in 2010. This is
a huge problem, which has created the need of solutions that
would protect (the company) from a hostile takeover," Jackiewicz
told a news conference.
The treasury holds a 31.8 percent stake in KGHM.
Jackiewicz added that Polish treasury ministry would want to
regain control over some state assets if he had the financial
possibility.

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