WARSAW: Poland’s deputy treasury Minister Wojciech Kowalczyk said on Monday that The Polish government will set up a new state-controlled coal group combining assets of 11 mines taken over from the troubled Kompania Weglowa by the end of June.
The purchase would be made from the state’s coal restructuring vehicle which is set to receive the asset as Kompania Weglowa is wound down. The process of finding investors for the “new” Kompania Weglowa is well advanced, Kowalczyk said.
“Talks with financial investors as well as sector investors are underway,” he said. “We have signed confidentiality agreements so we don’t want to name any names.” The government is also on track to selling Brzeszcze and Makoszowy mines, initially earmarked for liquidation, to the restructuring vehicle SRK by end-April, the Treasury Ministry wrote in a press statement on Monday.
