Treasury soon to decide on share transfers to Kompania Weglowa

Kompania Weglowa (KW), recently took over 24 mines belonging to five companies, has to receive an urgent capital injection of zl. 3.5 billion. The company has a low initial capital of only zl. 10 million, while the assets of recently taken over mines are valued at zl. 4 billion. "If we do not receive zl. 1.3 billion by the end of 2003, then we might lose liquidity," stressed deputy financial president of KW Henryka Pieronkiewicz. The money to be transferred to the company from the government by the end of the March, namely zl. 530 million, will be spent to clear some of its liabilities connected with restructuring KW. According to the company president, Jaroslaw Klima, the Treasury is currently working on which companies' shares to give to KW, but would not reveal their names in order to not cause possible turbulence on the WSE. (Puls Biznesu, pp. 1, 8) M.M.