Energa is not interested in buying JSW shares
13:28
Poland's fourth biggest power group Energa anounced it is not interested neither in assets nor in shares of listed coal miner Jastrzębska Spółka Węglowa (JSW).
"In relation to the media reports on a potential interest of the power sector in assets or shares of JSW, Energa's management denies Energa group being engaged or planning engagement in such a process," Energa said in a press statement.
On Wednesday, Poland's Energy Minister Krzysztof Tchórzewski said that JSW may need a share issue as it needs more money than estimated last year.
Recently, Energa along with its bigger rival PGE and gas firm PGNiG, already pledged to pour money into a newly-established state coal mining group PGG, as part of an effort to save the EU's largest coal miner Kompania Węglowa from bankruptcy.
