Tender for Brzeszcze suspended indefinitely
11:05
State-owned mining restructurization company (Spółka Restrukturyzacji Kopalń - SRK) suspended the tender for Brzeszcze mine for an indefinite period of time, due to the lack of agreement on the text of a preliminary deal, the media reported.
RSG, a joint venture of among others, Tauron Polska Energia and FTF Columbus, controlled by Michał Sołowow is the only bidder in the tender.
"The decision is to conduct further legal and economic analysis, and give an opportunity for further consultations," a statement by SRK read.
The tender was announced on August 27, the sale of a so called organized part of the company is to be completed by September 25.
Tauron said that it wants to buy the mine through a public tender to avoid the risk of returning public aid, should the aid be declared unlawful. Since the previous negotiations showed that no firms besides Tauron are interested in the mine, the power company is most likely to acquire Brzeszcze. According to the media, Tauron's offer is to be worth "a symbolic one złoty" and will be made by an SPV made up of the firm's partners.
Tauron signed a letter of intent with SRK regarding cooperation over a potential purchase of the unprofitable Brzeszcze coal mine on May 15.