UOKIK gives green light to mines takeover

Anti-monopoly watchdog UOKIK has given the green light for the takeover of a part of Kompania Węglowa assets by Spółka Restrukturyzacji Kopalń (SRK). After the deal is finalized, SRK will own KWK Piekary, KWK Brzeszcze, a part of KWK Sośnica, and a part of KWK Bobrek-Centrum. The transaction is a part of an agreement made in January 2015 between the government, trade unions and boards of SRK, Kompania Węglowa and Węglokoks. According to the deal SRK will take over the mines in order to put coal extraction to a halt and liquidate them," the statement reads. Spółka Restrukturyzacji Kopalń is an enterprise whose main aim is to liquidate unprofitable mines.