Watchdog approves takeover of Bogdanka

Polish state-controlled utility Enea said on Monday that Poland's anti-monopoly watchdog UOKiK has approved Enea's takeover of coal mine Bogdanka. Enea said the approval means that all conditions for the purchase of Bogdanka shares by Enea have been met. On Friday, state-controlled Enea prolonged subscriptions for LW Bogdanka mine's shares, however the number of subscriptions has already reached the minimum necessary to conduct the merger. The shareholders at the mine subscribed to 21.9 million papers, which accounted for a 64.6 percent stake in Bogdanka.