State Treasury offers to buy Bogdanka shares for PLN 988 million

The Polish State Treasury aims to pay nearly a billion złoty to acquire the "Bogdanka" coal mine. The State Treasury has submitted an offer to repurchase the Lubelski Węgiel "Bogdanka" company for 45 złoty per share, totaling over PLN 988 million, as reported by Enea, the energy company that owns Bogdanka. The payment is proposed to be settled through government securities.

The offer pertains to acquiring a package of 21,962,189 shares of Lubelski Węgiel "Bogdanka" from Enea at PLN 45 per share. The transaction's approval does not require the consent of the Office of Competition and Consumer Protection. Following the offer announcement, Bogdanka's stock prices surged from PLN 34.02 to PLN 39.2 between 2:20 PM and 2:40 PM.

Source: wnp.pl