PGG-KHW merger goes through. Secures PLN 1 bln financing

The merger of Polska Grupa Górnicza (PGG) with Katowicki Holding Węglowy (KHW) has been completed, Poland’s ministry of energy said. The decision has been approved by Poland’s antitrust watchdog UOKiK. The government has also finalized agreements with PGG-KHW creditors regarding suspending and extending the repayment period. “First of all we got a two-year suspension of…

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