Value of energy companies may grow by PLN 50 bln - Energy Minister

Energy Minister Krzysztof Tchórzewski said that the value of energy companies may grow by PLN 50 billion in the coming years by increasing share capital from retained earnings as the move would contribute to the financial stability of the companies. " . . . if we do it [increase the nominal value of shares at energy firms] in the course of several years, the nominal value of companies will increase by over PLN 50 billion," Tchórzewski said. "From this point of view it is the right step . . . directed at increasing the value of state companies," he said. "Similar thinking also applies to other state companies."