ING increases stake in Bogdanka mine

Private pension fund ING Nationale-Nederlanden OFE has increased its stake in Bogdanka coal mine and the number of votes at the General Assembly to 14.09 percent, Bogdanka said in a press release. Before the purchase, the fund had 13.17 percent of shares. On September 14, Polish power group Enea said it wants to buy a 64.6 percent stake in private coal mine Bogdanka, valuing the stake at PLN 1.48 billion. Enea has offered PLN 67.39 per Bogdanka share. Bogdanka is included in the WSE blue chip index. At the end of 2014, it had 16.6 percent share of the Polish coal market.