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Poland to set up state fund,boost it with PLN 10 bln in shares

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WARSAW, Oct 12 (Reuters) - Poland will create a fund at thestate bank BGK and transfer shares of state-owned companies tobolster it with 10 billion zlotys ($3.16 billion), FinanceMinister Jacek Rostowski said on Friday.

Treasury minister Mikolaj Budzanowski added that startingfrom 2014 privatisation revenues will be directed to BGK tosuport public investments.

"The greatest innovation will be transfering shares ofstate-owned companies to BGK and selling them via BGK, whichwill strenghten the bank with 10 billion zlotys," Rostowski toldreporters in Sejm.(3.1604 Polish zlotys)

(Reporting by Pawel Sobczak and Dagmara Leszkowicz; Writing byMarcin Goettig)

((marcin.goettig@thomsonreuters.com)(+48226539720)(Reuters

Messaging: marcin.goettig.reuters.com@thomsonreuters.net))

Keywords: POLAND TUSK/STATE FUND