PGG/KHW merger deadline in danger

The merger deal which would integrate two state-owned coal miners Polska Grupa Górnicza (PGG) and Katowicki Holding Węglowy (KHW) is facing a number of challenges, but the energy ministry sticks to the end-March deadline for now. “These are tough matters, the integration of PGG and KHW is complicated.We have just over two weeks to cope with this task. Certain complications are appearing along the way,” Energy Minister Krzysztof Tchórzewski said. Despite the problems, the process is moving forward. “Investment decisions and decisions tied to negotiations with creditors will be made this week,” Tchórzewski assured.