Privatization
Jakubas makes a bid for state mint
Polish businessman Zbigniew Jakubas has offered to buy 42 percent stake in Polish state mint, Mennica Państwowa. His investment company, Warsaw-based Multico already has 25 percent of Mennica, which has a market value of 270 million zloty ($69 million). Because of Polish stock market regulations Jakubas won't have to buy out minority shareholders if the government takes up his offer.
In addition to coin-making business, Mennica owns a money-losing property development company called Mennica Invest. It also sells electronic public transit tickets in Warsaw. Sources familiar with the situation say Mennica may sell its downtown plant and move production to a cheaper location in Ożarów Mazowiecki near the Polish capital.
Public finances
Poland...