Tauron bids for PKP Energetyka, does not need other mines besides KWK Brzeszcze

Tauron Polska Energia announced on Tuesday it had made a binding offer for purchasing PKP Energetyka, a subsidiary of PKP, it had also decided to not bid for more mines included in Kompania Węglowa. Earlier in May, the firm informed it will buy part of the assets of one of Kompania Węglowa's plants, the Brzeszcze mine. On Tuesday, it said it had signed a letter of intent and has chosen a firm to conduct due diligence. It also informed it is not interested in other mines. PKP informed that it expects the process of privatization of PKP Energetyka to be completed in the third quarter of the year.