PGG to be turned into joint-stock company in 2018

State-owned miner Polska Grupa Górnicza (PGG), will become a joint-stock company at the beginning of 2018, the company said in a statement. It currently operates as a limited liability company. The decision was approved by all of the PGG shareholders and proper motion has been filed in registry court. “It is our intention that the entry should take place on December 29, on the last working day of 2017. Thus, starting from 2018, PGG will be listed as a joint-stock company,” the company’s spokesman said. The plan to transform the company were made earlier but were delayed by the PGG merger with Katowicki Holding Węglowy. The decision opens the way for PGG's future listing on the WSE. Energy Minister Krzysztof Tchórzewski said in spring that the company could be floated there within the next five years.