Advertisement
UK markets closed

  • NIKKEI 225

    38,835.10
    +599.03 (+1.57%)
     

  • HANG SENG

    18,479.37
    -98.93 (-0.53%)
     

  • CRUDE OIL

    78.78
    +0.30 (+0.38%)
     

  • GOLD FUTURES

    2,320.70
    -10.50 (-0.45%)
     

  • DOW

    38,923.77
    +71.50 (+0.18%)
     

  • Bitcoin GBP

    50,710.04
    +16.32 (+0.03%)
     

  • CMC Crypto 200

    1,316.97
    -48.16 (-3.53%)
     

  • NASDAQ Composite

    16,384.72
    +35.47 (+0.22%)
     

  • UK FTSE All Share

    4,522.99
    +53.90 (+1.21%)
     
Money:

The retirement income gap no-one is talking about

People are living longer than ever before and this can impact how you plan for retirement

Poland offers to buy Tauron's coal mining unit for 1 zloty

Reuters
·1-min read

GDAŃSK (Reuters) - Poland's Ministry of State Assets has offered to buy Tauron's coal production unit Tauron Wydobycie for a symbolic 1 zloty ($0.2118), the Polish utility said on Tuesday.

Poland's government has been pushing a plan to carve out the coal assets of state-controlled utilities PGE, Tauron and Enea into a single entity to boost the investment potential of the utilities.

"The state treasury's offer to buy the mining assets is a significant step towards implementing one of the most important structural processes being carried out by Grupa Tauron in recent years," Tauron Chief Executive Pawel Szczeszek said in a statement.

Tauron Wydobycie CEO Jacek Pytel added that the 'symbolic zloty' valuation is based on the current state of the mines as well as their long-term capital needs, according to the government's plans.

ADVERTISEMENT

Tauron Wydobycie carries out production, enrichment and sale of coal at three mining plants - Sobieski, Janina and Brzeszcze and owns Poland's largest power coal resources, Tauron said

($1 = 4.7204 zlotys)

(Reporting by Karol Badohal; editing by Jonathan Oatis)