Successful offer for Bogdanka: Enea closer to acquiring the mine

This morning, state-controlled Enea prolonged subscriptions for LW Bogdanka mine's shares, however the number of subscriptions has already reached the minimum necessary to conduct the merger, the company informed in the afternoon. The shareholders at the mine subscribed to 21.9 million papers, which accounted for a 64.6 percent stake in Bogdanka. The merger will be carried out  if the anti-monopoly watchdog UOKiK approves the deal. UOKIK restarted the proceedings regard the transaction shortly after the information on subscriptions was announced. In mid-September, Enea announced that it wants to buy a 64.6 percent stake in Bogdanka, valuing the stake at PLN 1.48 billion, thus PLN 67.39 a share.