Energa not interested in JSW shares
13:41
Poland's fourth biggest power group Energa anounced it is not interested in either assets or in shares of listed coal mine Jastrzębska Spółka Węglowa (JSW).
"In relation to media reports on a potential interest from 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 mine Kompania Węglowa from bankruptcy.
