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Treasury: Poland won't press SOEs into coal sector investments

Wyślij Print Pobierz added: | 2015-07-29 06:41:33
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Treasury: Poland won't press SOEs into coal sector investments Treasury Minister Andrzej Czerwiński said on Thursday that the Polish government won't push state owned companies into investments in the coal sector, although it could start a collection from select firms. "I do not expect copper company [KGHM] to invest directly in coal mines" Czerwiński said on public radio. "Rumors that companies are forced into direct involvement, into buying mines, are not true." The minister confirmed that a number of state-controlled firms have declared their readiness to transfer assets to a new fund managed by Poland's special purpose investment vehicle PIR. "We asked the companies to consider a possibility of allotting some assets to the fund," Czerwiński said adding that majority of the firms have made such declarations.

Treasury Minister Andrzej Czerwiński said on Thursday that the Polish government won't push state owned companies into investments in the coal sector, although it could start a collection from select firms. "I do not expect copper company [KGHM] to invest directly in coal mines" Czerwiński said on public radio. "Rumors that companies are forced into direct involvement, into buying mines, are not true." The minister confirmed that a number of state-controlled firms have declared their readiness to transfer assets to a new fund managed by Poland's special purpose investment vehicle PIR. "We asked the companies to consider a possibility of allotting some assets to the fund," Czerwiński said adding that majority of the firms have made such declarations.





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