New Kompania Węglowa will require PLN 2 billion of additional funding

"The new Kompania Węglowa (KW) will need PLN 2 billion of additional financing until the end of H1 2016. Some PLN 1 billion will be required in H1 2015 and PLN 1 billion in H1 2016," said Krzysztof Sędzikowski, CEO of KW.

"I can not disclose which investors will secure financing. We are in talks," he added. Deputy Minister of the Treasury, Wojciech Kowalczyk, claims that the government wants to have potential investors shortlisted at the end of April 2015. The new Kompania Węglowa is to be set up on the basis of the ailing Kompania Węglowa. The process of restructuring is set to be finalized at the end of September 2015. According to the business plan approved on Friday, the company's EBITDA will stand at PLN 2.19 billion in 2017.