KGHM, PGE and the Group Azoty offered their help in saving the Polish mining sector – reports Reuters. Agency cites an anonymous source which is closely related to the case.
Quoted by Reuters source said that the fund created by the state is sing in the amount of 6 billion zł. The money will be earmarked to Rescue Coal Company. Fund fund have three national champions. So far not known the exact amount, but we know that PGE’s contribution is to be made in cash and partly through a subsidiary group – Exatel. KGHM contribution u have to be controlled by tycoon resorts. The assets offered by the Group Azoty were not further specified. According to the source, but negotiations are still underway and proposals are subject to change.
The rumors Reuters did not want to be addressed by representatives of Azoty and PGE. KGHM spokesman u had in turn confirmed that the company is considering the transfer of non-productive assets to the state fund.
Among the companies that are taken into account as those that make up the fund is also Orlen. The talks reportedly underway, representatives of the company so far, however, refused to comment on the matter.
It’s hard to determine the impact of the information given by Reuters on Wednesday quotations. Shares in KGHM lost at times even above 8%, but PGE and Azoty just before the end of the session there were only cosmetic cons.
/ Reuters / jr
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