Enea will not delist Bogdanka

Power company Enea which acquired LW Bogdanka is not planning to remove the mine from the Warsaw bourse, its CEO Krzysztof Zamasz told the media at a press conference. However, it has not ruled out increasing its stake to 100 percent. Zamasz explained that the decision concerning purchasing more Bogdanka shares is strategic and requires negotiations with shareholders. A few days ago, the WSE informed that Bogdanka will be replaced by footwear producer CCC in WIG20 and has subsequently been moved to the mWIG40. On October 20, Poland's anti-monopoly watchdog UOKiK approved Enea's takeover of Bogdanka coal mine. The shareholders at the mine subscribed to 21.9 million papers, which amounted to a 64.6 percent stake in Bogdanka.