PGG not interested in IPO at this moment - CEO

State-owned coal producer Polska Grupa Górnicza (PGG) is focusing to optimize its operations, and is postponing IPO for a later date, company's CEO Tomasz Rogala said. “IPO is in the plans, however we're focusing on other things at this moment. Floating on the WSE will be the next step,” he said. Back in April, CEO of PGNiG Termika, one of PGG shareholders, said that coal producer will start working on its prospectus “within months.” He also added that he hopes PGNiG investment in the company will be a profitable one. PGNiG capitalized the enlarged Polska Grupa Górnicza with PLN 300 million, after it took over the assets of the fledging miner Katowicki Holding Węglowy (KHW).