“The parties intend to finalize the deal by the end of April,” – stated in a press release.
“The negotiations with the investor were very kind and efficient. During the talks, we determined an alternative way to sell mine Piekary, assuming that the mine will not be brought to the Company Restructuring of Mines, but directly sold Węglokoks Country. The transaction fits in perfectly with the Coal Company restructuring program, as well as investor strategy “- quoted in the release said the president of KW Krzysztof Sędzikowski.
President Węglokoks Country Krystian Kozakowski said that “the acquisition of mines crowned execute the Węglokoks Group’s development strategy, which involved, among others, direct involvement in the mining sector, which is a natural process of development of trade of any company.”
“I think that Polish coal has a future, if will be produced efficiently and modern. Węglokoks country has clearly outlined the plan of development in this area, which includes the modernization of the mines in the production and sale of innovative products, which meet the expectations clients on the market “- said Kozakowski.
As reported spokesman for KW Thomas Głogowski, formal and legal acquisition of mines and Piekary Menyanthes by Węglokoks Country will be subject to all the conditions set out in the preliminary agreement, including obtaining the approval of the Office of Competition and Consumers and corporate bodies of the two entities – the supervisory boards and general meetings.
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