Brzeszcze bidders revealed

Polish coal distributor Węglokoks Kraj, a subsidiary of Tauron RSG and investment vehicle controlled by Michał Sołowow, FTF Columbus bid for troubled Brzeszcze mine, state-owned mining restructurization company (Spółka Restrukturyzacji Kopalń - SRK) informed. On Friday, wnp.pl web portal reported that Czech Energetický a průmyslový holding (EPH), the owner of a Silesian mine in Czechowice-Dziedzice and Polish billionaire Michał Sołowow might also have bid for Brzeszcze. The tender was announced on August 27, the sale of a so called organized part of the company is to be completed by September 25. Tauron said that it wants to buy the mine through a public tender to avoid the risk of returning public aid, should the aid be declared unlawful. Since the previous negotiations showed that no firms besides Tauron are interested in the mine, the power company is most likely to acquire Brzeszcze. According to the media, Tauron's offer is to be worth "a symbolic one złoty" and will be made by an SPV made up of the firm's partners.