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Poland will not block Enea's planned takeover of Bogdanka-minister

Published 2015-09-23, 06:06 a/m
© Reuters. Poland will not block Enea's planned takeover of Bogdanka-minister
ENAE
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LWBP
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WARSAW, Sept 23 (Reuters) - Polish treasury minister who
oversees power and mining industries said on Wednesday he will
not block plans of the state-run utility Enea ENAE.WA to buy
its privately-owned coal supplier Bogdanka LWBP.WA .
Earlier this month Enea, which is Poland's No.3 power group,
offered 1.48 billion zlotys (352 million euros) to buy a
majority of Bogdanka. ID:nL5N11K0X4
There was speculation in local media that the treasury
ministry might prefer that Enea invests in a state-owned coal
mine as part of Poland's wider restructuring plan for mining.
Local media had also reported that Enea is eyeing another
miner, the state-owned troubled KHW.
"Enea taking over Bogdanka shows that it makes sense to
build a power and mining group. I hope that other companies will
also look for similar opportunities in the future," Andrzej
Czerwinski told reporters on Wednesday.
(1 euro = 4.2012 zlotys)

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