Smithfield and Solski Burson-Marsteller to advise Polish Ministry of Treasury

Smithfield and Solski Burson-Marsteller have been brought in for 12 months to advise the Polish government on its privatisation programme.

Polish State Treasury base: Warsaw
Polish State Treasury base: Warsaw

The agencies will advise the Polish State Treasury on its communications in respect of its four-year Privatisation Acceleration Programme, which ends in 2011. 

During this period, the government of Poland intends to undertake a significant privatisation programme, where investors will be offered shares in more than 800 state-owned entities from more than 40 sectors including finance and power & utilities.

The Treasury has already completed around 180 transactions since starting the process 18 months ago. The planned privatisation revenues in 2010 amount to PLN25bn (£5.5bn).

Smithfield's participation will be led by directors Debbie Potts and Rupert Trefgarne in London, while Solski Burson-Marsteller's founder Ryszard Solski heads the account in Warsaw.

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