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Three bidders for Brzeszcze, Czech firm may be among them

13:56

There have been three offers for the acquisition of the troubled Brzeszcze mine, state-owned mining restructurization company (Spółka Restrukturyzacji Kopalń - SRK) informed on Friday. One offer coming from Polish power company, Tauron Polska Energia. The other two entities were not revealed, but SRK said it will disclose their names on Monday, September 14. However, Czech Energetický a průmyslový holding (EPH), the owner of a Silesia mine in Czechowice-Dziedzice and Polish billionaire Michał Sołowow might also have bid for Brzeszcze, wnp.pl web portal reported. The tender was announced on August 27, the sale 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 comprised of the firm's partners.
Tauron signed a letter of intent with SRK on cooperation over a potential purchase of the unprofitable Brzeszcze coal mine on May 15.
   

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