Enea takes over KHW
12:40
State-controlled power utility Enea will take over ailing mine Katowicki Holding Węglowy (KHW), according to Polish daily Rzeczpospolita. The newspaper reported that Enea's involvment in KHW was a condition attached by the State Treasury when it agreed for the company to take over LW Bogdanka mine.
On Thursday, the government transferred a 100 percent stake in KHW to a newly established sole-shareholder company of the State Treasury.
According to Rzeczpospolita, Enea is expected to make capital entry to the company by transferring LW Bogdanka's shares. Enea would have a 51 percent stake and the government, the remaining 49 percent.
