Kompania Węglowa sells four mines to Węglokoks

Polish mining company, Kompania Węglowa (KW) and Węglokoks's subsidiary, Węglokoks Rybnicki Okręg Wydobywczy (ROW) signed an initial conditional deal in line with which KW will sell four mines to ROW, the press reported. According to the agreement Kompania Węglowa will receive a deposit. The acquisition will be completed after fulfilling certain conditions included in the deal, KW informed. Węglokoks ROW will buy four Rybnik-based mines: KWK Rydułtowy-Anna, KWK Marcel, KWK Jankowice and KWK Chwałowice. The deal is part of the mining reconstruction plan created by the government. Kompania Węglowa is the largest European mining company, associating 15 mines and five plants.