Gov't wants power companies to buy Kompania Węglowa shares

The Polish government is allegedly trying to convince PGE, Energa and PGNiG to purchase stake in Kompania Weglowa (KW), Poland's biggest miner, in order to save it from bankruptcy, Rzeczpospolita reported. According to recent reports, the government  was planning to raise a special investment fund with a PLN 6 bln budget for this cause, however this plan would take too long too carry out, the daily noted. That is why the Polish energy companies may be presented with an offer to inject PLN 800 million to the fund and acquire KW's shares for PLN 200 million each. PGE, Energa and PGNiG refused to comment.