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26 March 2010
POLAND: $10 Billion In Asset Sales Lures Goldman Sachs To Warsaw.
BLOOMBERG/ Foreign bankers are flocking to Warsaw, lured by the government's proposed sale of $10 billion in assets. Foremost among them is Goldman Sachs. Poland plans to sell stakes in energy, insurance, chemical and phone companies to raise $10 billion to finance the widening budget deficit. The economy was the only EU nation to avoid a recession, and the Warsaw Stock Exchange, where the total value of listed companies has tripled since 2003, are also attractive, bankers said. “It’s no wonder foreign banks are coming to Poland,” said analyst Kazimierz Szpak.