The Treasury's initial plan to sell Energa to PGE was blocked by regulators in 2010 Courtesy of Energa

 The Treasury Ministry plans to carry out the IPO of Energa, Poland's fourth-largest utility, no later than mid-year, deputy minister Paweł Tamborski told the Polish Press Agency. Advisors – both legal and financial – are to be chosen before the end of January. The state will sell a minority stake in the offer, and is also considering an issue of new shares by the energy firm.

Mr Tamborski also said that Energa may make a dividend payout before the IPO. After the stock exchange debut, the Treasury will choose a strategic investor for Energa. The government said it would give preference to an investor already in Poland's power market.

In 2010, regulators blocked the Treasury's planned sale of Energa to PGE, Poland's largest utility. Energa has a 17-percent share of Poland's electrecity market, providing power to 2.5 million households and over 300,000 companies.

Poland A.M.