Poland to launch Enea bookbuilding Thursday

WARSAW, Jan 30 (Reuters) - Poland will hold the bookbuidling process for the sale of a 16-percent stake in Enea between Feb 4 and Feb 9, according to documents sent out to selected institutional investors released by the company on Saturday.

The sale of the stake which is worth some 1.2 billion zlotys ($414.1 million) is part of Poland's ambitious privatisation drive that is to yield some 27 billion this year.

Poland also plans to sell a controlling stake in electricity provider Enea, in which Sweden's Vattenfall holds a nearly 19-percent stake, later in 2010.

Fund managers surveyed by Reuters expect a discount of at least 10 percent in order for the sale to succeed.

With Enea, which suffers from a minimal free float keeping it off the radar of many market players, the treasury decided to run a marketing campaign and a roadshow abroad in order to drum up foreign investors interest.

(Reporting by Pawel Bernat, writing by Chris Borowski) ($1=2.898 Zloty) ([e-mail]; [phone]; Reuters Messaging: [e-mail]) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.