Tauron finalizes Brzeszcze acquisition

Tauron Polska Energia has completed the acquisition of Brzeszcze mine, the state-controlled company reported. Nowe Brzeszcze Grupa Tauron, including Tauron Wydobycie submitted a motion to the Polish anti-monopoly watchdog UOKiK for the acquisition of Brzeszcze mine in early November. On October 19, Tauron reached a preliminary deal with Poland's mining restructuring vehicle, Spółka Restrukturyzacji Kopalń (SRK), in line with which, the power company will acquire the mine for "a symbolic one złoty." Tauron has recently announced that it will invest PLN 200 million in the troubled company within two years.