Poland's energy and utility giants sign conditional deal to sell stakes in PGG

Energa S A

03/08/2022 15:57

GDANSK, Aug 3 (Reuters) - Four Polish state-controlled
utilities and energy companies, Energa  ENGP.WA , PGNiG
 PGN.WA , PGE  PGE.WA  and Enea  ENAE.WA , announced on
Wednesday that they had signed a conditional deal to sell their
stakes in anthracite mine operator Polska Grupa Gornicza (PGG)
to Poland's State Treasury.
    Under the conditional deal, each company will sell all of
its stake in PGG for the total price of 1.00 zloty for all held
shares.

 (Reporting by Patrycja Zaras and Mateusz Rabiega; Editing by
Alison Williams)
 ((Patrycja.Zaras@thomsonreuters.com;))