Poland's State Treasury wants to sell a stake of up to 35 percent in the country's fourth-largest utility provider Energa during its upcoming IPO, Deputy Treasury Minister Paweł Tamborski said. The Ministry has not yet decided whether the offer will consist of existing shares only or also a new issue.

Mr Tamborski also said that the Ministry is still looking for IPO advisors for the utility but the process should be closed by the end of February.

Energa's stock exchange debut is scheduled for the end of the second quarter of 2012. The Treasury now holds 85 percent in the company.

Energa provides electricity to 2.5 million households and 300,000 companies. It has a 17 percent share of the market. 

Poland A.M.