9/22/2015

Two bidders interested in Polish mine may cooperate

Polish billionaire Michal Solowow and a consortium led by state-controlled energy firm Tauron Polska Energia could tie up to buy troubled state-run Brzeszcze coal mine. Solowow, through a vehicle called Colombus, and RSG, a consortium in which Tauron holds a 40-percent stake, have both already submitted separate offers to buy the loss-making mine, which the government transferred to mines restructuring company SRK earlier this year.