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Why Do You Love Poland? [907]
Nonetheless though much of the ownership in wig30 companies is foreign especially german
Not really.
Alior - effectively under the control of PZU, which is under the control of the government.
Asseco - mostly OFE funds (which are Polish)
BZWBK - Santander of Spain
CCC - Polish, under effective control of Dariusza Miłka.
CDProjekt - Polish, with around 10% held by Dutch and Swedish insurance concerns
Cyfrowy Polsat - Polish, controlled by Solorz-Żak.
Dino - Polish, controlled by Tomasz Biernacki
ENEA - state-controlled
Energa - state controlled
Eurocash - Portuguese controlled
Grupa Azoty - state-controlled
ING - Dutch
JSW - state-controlled
Kernel Holding - Ukrainian (I think...?)
KGHM - state controlled
Kruk - wide range of pension funds, including many Polish OFE and also Polish insurance funds
Lotos - state-controlled
LPP - wide range of pension funds, including many Polish OFE and also Polish insurance funds
mBank - Commerzbank AGMillennium - Portuguese bank
Orange - France Telecom
PEKAO - state-controlled
PKO - state-controlled
PGE - state-controlled
PGNiG - state-controlled
Orlen - state-controlled
PKP Cargo - PKP S.A. is the dominant shareholder (state-controlled) with Polish OFE funds making up the rest
Play - two Luxembourg-based funds with the rest held by private shareholders and Polish OFE funds
Tauron - state-controlled
Only one company out of 30 is owned by a German company. Only 7 out of 30 companies are controlled by foreign owners. The WIG30 is actually heavily under government control, and if the plan goes ahead to seize the OFE funds, then the WIG30 will be effectively run by the government. That's why the WSE is declining in popularity, because no-one wants to risk their money in companies that could be nationalised tomorrow.