Poland's PGNiG Has No Plans to Buy More Coal Assets
Poland's state-run gas firm PGNiG does not envisage further acquisitions in the troubled coal mining industry, the head of PGNiG Termika unit, Wojciech Dabrowski, said on Thursday.
"When it comes to coal mining assets we do not envisage further acquisitions," Dabrowski told reporters when asked whether PGNiG could be interested in taking part in a potential share issue of coking coal miner JSW.
Poland's energy minister said on Wednesday that JSW, EU's biggest coking coal producer, may need a share issue as it needs more money than estimated last year.
PGNiG was one of three state-run companies, which already pledged to pour money into a newly-established state coal mining group PGG, as part of an effort to save the EU's largest coal miner Kompania Weglowa from bankruptcy.
(Reporting by Anna Koper)
