/EINPresswire.com/ Overseas investors looking to buy a controlling interest in companies operating in Poland’s booming economy should pay close attention to the country’s privatisation auctions, says Nexia International’s Polish firm.

The window of opportunity to acquire state-owned small and medium enterprises (SMEs) that have been put up for sale by the Polish treasury closes at the end of 2011. More than 500 companies remain to be sold.

Companies on offer come from a number of different industry sectors, including energy and natural resources, transport, defence and financial institutions.

“The treasury auctions represent an efficient fast and potentially attractive way to acquire financially stable Polish SMEs”, says Tomasz Budziak, Managing Partner of Korycka, Budziak & Audytorzy, a Warsaw-based firm that advises companies on doing business in Poland and a member of Nexia International, a leading worldwide network of independent accounting and consulting firm

Acquiring these formerly state-owned business also provides a potential platform to access Poland’s growing and well-structured capital market.

The Polish government’s programme of privatisation has been a tool of the country’s rapid development and reconstruction since the beginning of political and economic transformation in 1990.

Successful privatisations in many industry sectors have given foreign investors access to the Polish consumer and manufacturing markets.

Encouraged by such successes, the Polish government has published details for the privatisation of 802 companies during 2008-2011.

Public auctions are just one method of sale. They are used mostly for SMEs when the treasury decides its primary goal is not so much facilitating foreign capital supply but ensuring a good sale price.

Whilst news and updates about privatisation auctions are available from the Polish Treasury, Tomasz Budziak urges prospective foreign investors to get local, on-the-ground guidance about the processes involved.

“Polish advisers will be able to monitor developments and make sure interested parties from overseas are prepared in advance – for example, understanding that the terms of acquisition contracts (except the price) are generally not negotiable”, says Budziak.

Further information:

Tomasz Budziak
Managing Partner
Korycka, Budziak & Audytorzy (KBA)
tomasz.budziak@kba.com.pl
+ 48 601374 886

www.nexia.com

About Nexia International

Nexia International is a leading global network of independent accounting and consulting firms with 590 offices in over 105 countries, providing a comprehensive portfolio of assurance, tax and business advisory services.