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Recapitalisation of PGG (Polish Mining Group) with PLN 100 million

  • No. of the report: 19/2017
  • Report date: 29.03.2017 22:24
  • Report legal ground: Art. 17 sect. 1 of MAR – inside information.

Contents of the report

The Management Board of PGE Polska Grupa Energetyczna S.A. (“PGE”) discloses that on March 29, 2017 PGE Górnictwo i Energetyka Konwencjonalna S.A. (“PGE GiEK”), the subsidiary of PGE, decided to recapitalize Polska Grupa Górnicza Sp. z o.o. (“PGG” – Polish Mining Group) in amount of PLN 100 million.

The above decision is related to planned acquisition by PGG of assets of Katowicki Holding Węglowy (KHW). PGE will inform about the closing of the investment process in a separate current report.