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State-owned utilities to finance PGG coal group

On Tuesday, coal group PGG signed an agreement with the largest coal company in Poland and Europe – Kompania Węglowa (KW). The agreement was the last stepping stone needed for PGG to start its operations. It will be funded by state-controlled utilities.

Kulczyk Investments sells SAB Miller shares for £1 bln

Kulczyk Investments (KI) sold 24 million existing ordinary shares of SABMiller, representing approximately 1.5 percent of the issued share capital of the company for £1 billion. The placement was valued at £41.8 per share. ...

Balcerowicz: Ukraine needs a program of restructuring and privatisation

Leszek Balcerowicz, the author of Poland’s post-communist transition to a market economy, who was appointed advisor to the Ukrainian president last week, has already commented on the economic situation in Ukraine.

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