SRK calls tender for Brzeszcze mine
11:53
State-owned mining restructurization company (Spółki Restrukturyzacji Kopalń - SRK) has announced a tender for the troubled Brzeszcze coal mine in order to satisfy demands by potential buyer – power utility Tauron.
The deadline for making offers expires on September 10, the sale is to be completed by September 25. Tauron said that it wants to buy the mine through a public tender to avoid the risk of returning public aid, should the aid be declared unlawful. Since the previous negotiations showed that no firms besides Tauron are interested in the mine, the power company is most likely to acquire Brzeszcze. According to the media, Tauron's offer is to be worth "a symbolic one złoty" and will be made by an SPV comprised of the firm's partners. The company also wants to cut employment to some 1,500 from 2,000.
Tauron signed a letter of intent with SRK on cooperation over a potential purchase of the unprofitable Brzeszcze coal mine on May 15.
