WARSAW, Feb 26 (Reuters) - Poland’s KGHM Europe’s second-biggest copper producer, needs protection from a potential hostile takeover, treasury minister said on Friday, adding that previous governments should not have sold a part the state’s its shares in the company.
“I see no justification for the shares sale in 2010. This is a huge problem, which has created the need of solutions that would protect (the company) from a hostile takeover,” Jackiewicz told a news conference.
The treasury holds a 31.8 percent stake in KGHM.
Jackiewicz added that Polish treasury ministry would want to regain control over some state assets if he had the financial possibility. (Reporting by Adrian Krajewski; Writing by Agnieszka Barteczko; Editing by Marcin Goclowski)