Enea will not raise bid for Bogdanka

The price offered for private coal miner Bogdanka by power company Enea is "final" Parkiet daily reported citing Enea's CEO. Krzysztof Zamasz. On Monday, Enea announced that it wants to buy a 64.6 percent stake in Bogdanka, valuing the stake at PLN 1.48 billion, thus PLN 67.39 a share. According to Parkiet's sources, the Minister of the State's Treasury agreed that Enea could buy Bogdanka on the condition that it also acquires troubled state-owned mine, Katowicki Holding Węglowy (KHW). In August, Enea unexpectedly terminated its long-term contract with the mine.