WARSAW, Oct 22 (Reuters) - Poland's third biggest power firm
Enea ENAE.WA does not plan to change the dividend policy of
its coal supplier Bogdanka LWBP.WA after it concludes a
takeover of the mining firm, Enea said on Thursday.
Enea also said it will own 66 percent of Bogdanka's shares
as a result of the tender announced last month.
"We assured Bogdanka's shareholders that we do not plan to
change the dividend policy. The owners of the remaining 34
percent will still participate in the division of profit," Enea
said in a statement.
Bogdanka's strategy assumed paying out 60 percent of the
company's annual profit as dividend.
Enea announced in September the tender to buy almost 22
million of Bogdanka's shares accounting for a 64.6 percent
stake, offering 67.39 zlotys ($17.8) per share, which initially
valued the deal at 1.48 billion zlotys.
This came a month after Enea unexpectedly terminated a
long-term contract for coal supplies from Bogdanka, sending the
miner's shares to their all time low.
($1 = 3.7887 zlotys)