Private investor may get involved in Nowa Kompania Węglowa

Poland's State Treasury is negotiating  with a private investor concerning its possible involvement in a new company to be created from troubled Kompania Weglowa, the deputy treasury minister said on Thursday. "We're in talks with one such entity, however we have not ruled out talks with others," Wojciech Kowalczyk, the Deputy Minister of the State Treasury told  Dziennik Gazeta Prawna daily. Nowa Kompania Weglowa (NKW) will be established by spinning off the legacy miner's loss-making mines for restructuring. The new company is scheduled for launch this month. It has to be noted that, the government has approved the transfer of small stakes in state-run gas company PGNiG (a 2 percent stake), utility PGE (1 percent) and insurer PZU (1 percent) to  a special fund TF Silesia to be used for collateral.