BOT to encompass power stations and coal mines

The BOT Energy Group, which has recently received 69% stakes in the Bełchatów, Opole and Turów power plants and two lignite mines from the Treasury Ministry, is still awaiting the registration of its capital increase. "The court must assess the evaluation of the transferred shares, which could last a few more weeks," said BOT president Zbigniew Bicki. He admitted that the unfinished formalities are limiting its restructuring. The company, together with KPMG, is currently preparing its new structure and tasks distribution which, "Will be ready in six months. The actual implementation will take more time, but the floatation should be expected in spring 2007," said Bicki. The restructuring envisages shifting all energy trade to the parent company, which will give it a 30% share of the national market. "This will be a complicated operation as the financial standing of each company is different,” said Bicki. (Puls Biznesu, pp. 1, 4) M.M.