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BRIEF-KGHM sees risk of hostile takeover, has tools to defend itself

Published 2015-08-14, 07:55 a/m
© Reuters.  BRIEF-KGHM sees risk of hostile takeover, has tools to defend itself
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Aug 14 (Reuters) - Kghm Polska Miedz SA KGH.WA
* Europe's No.2 copper producer, Poland's KGHM, sees risk of
a hostile takeover due to its low market valuation, but has
worked out special procedures that could be launched in case of
such a scenario, the firm's deputy CEO said on Friday.
* Marcin Chmielewski also said that currently KGHM does not
take part in any talks with the treasury ministry on its
potential involvement in the state-run investment fund known as
FIPP that could help rescue the country's mining industry.
* Sources told Reuters earlier this year that KGHM was among
at least three major companies which Poland persuaded to
contribute to a bailout fund worth 6 billion zlotys ($1.6
billion). ID:nL5N1002OW

Further company coverage: KGH.WA

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