Locked content Tauron to issue PLN 1.75 bln in debt

Major Polish utility Tauron will issue unsecured five-year bonds worth a total of PLN 1.75 billion, the company said is a statement on Thursday, confirming earlier reports. The issue is part of a PLN 5 billion bond program. The bond yield will be based on the WIBOR rate plus 0.9 percent. The issue i...

Locked content Tauron expands bond issue – sources

Major Polish power utility Tauron has decided to increase its five-year bond issue to PLN 1.75 billion compared to an earlier planned PLN 1 billion, according to sources quoted by Bloomberg. The sources said that Tauron closed the book-building process at a price equal to the WIBOR rate plus 90 basi...

Locked content Tauron mulling coal mine purchase

Major Polish power group Tauron may consider buying the Bolesław Śmiały coal mine from troubled coal giant Kompania Węglowa, the company’s CEO Dariusz Lubera was quoted as saying by Reuters. “This is a potential possibility, because one should remember that development of our electricity production ...

Energy firms to buy coal mines?

Some of the coal mines owned by sector giant Kompania Węglowa will be acquired by exporter Węglokoks and others may be integrated into energy groups Enea, PGE and Tauron, Deputy Economy Minister Tomasz Tomczykiewicz was quoted as saying by the Polish Press Agency.

Locked content PGE, Enea, Tauron and KGHM sign nuclear plant deal

Major Polish utilities PGE, Enea, Tauron and mining group KGHM have signed a final agreement on their stakes in nuclear program SPV PGE EJ1. PGE will hold a 70 percent share in the company and the other partners will hold 10 percent each. The stakeholders have also agreed to proportionally co-financ...

Locked content Tauron not planning bond issue

Major Polish utility Tauron will not issue bonds in 2014, the company’s CEO Dariusz Lubera was quoted as saying by the Polish Press Agency on Monday. Earlier this year, the company’s deputy CEO Krzysztof Zawadzki had said that a debt issue worth PLN 2 billion was possible in late September or early ...

Locked content Tauron with higher-than-expected profit

Major Polish power utility Tauron recorded a consolidated net profit of PLN 334.4 million in the second quarter of 2014, the company said on Thursday. The profit was 15.4 percent higher than the one recorded in Q2 2013. Analysts polled by the Polish Press Agency had expected the result to come in at...

PZU’s fund buys Tauron’s health care firm

TFI PZU, a fund managed by Poland’s largest insurer PZU, has acquired health care firm Elvita Jaworzno III from power utility Tauron, the selling company said in a press release on Tuesday. The deal value was not disclosed.

Tauron and ArcelorMittal agree on joint venture

Tauron power group signed a deal with ArcelorMittal steel conglomerate to create a new entity called JV Tameh Holding. Tauron said in a press release that the new entity will operate power generation assets currently held by both companies.