Successful tender offer for Bogdanka: Enea closer to acquire the miner

This morning, state-controlled Enea prolonged subscriptions for LW Bogdanka miner'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 miner subscribed for 21.9 million papers, which account for a 64.6 percent stake in Bogdanka. The merger will be carried out, if the anti-monopoly watchdog approves the concentration. 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.