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November 27, 2015 7:34 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Kompania Weglowa S.A.

Company Overview

Kompania Weglowa S.A. engages in drilling, mining, and selling hard coal. The company was founded in 2003 and is based in Katowice, Poland.

ul. Powstanców 30

Katowice,  40-039


Founded in 2003


48 327 57 22 11


48 322 55 54 53

Key Executives for Kompania Weglowa S.A.

Chief Executive Officer
Compensation as of Fiscal Year 2015.

Kompania Weglowa S.A. Key Developments

Kompania Weglowa Seeks Financing

Kompania Weglowa S.A. is seeking financing. The company is "in very advanced talks" on financing that should be concluded at the beginning of December, it said in a statement sent to the press Tuesday evening

Polskie Gornictwo Naftowe Has No Plans To Invest In Kompania Weglowa

Polskie Gornictwo Naftowe I Gazownictwo Spolka Akcyjna is not considering investment in Kompania Weglowa S.A. said the company's Chief Financial Officer Jaroslaw Bauc. "We are not considering involvement in Kompania Weglowa," Bauc told a teleconference.

EU Denies For Restructuring Kompania Weglowa

The European Commission did not confirm the media speculation that the Polish government's plan for restructuring Kompania Weglowa S.A. has been scrapped by Brussels. "The Commission is prepared to review any new proposal once it receives it. We are still in constructive dialogue with the Polish authorities," European Commission spokesman for competition policy Ricardo Cardoso said. Meanwhile, Treasury Minister Andrzej Czerwinski says that once Nowa Kompania Weglowa has been established as a successor to the struggling KW, then the Treasury will consider including it in the list of strategic companies excluded from the Treasury's privatisation plans.

Recent Private Companies Transactions

April 1, 2015
Wspolne Przedsiebiorstwo Energetyczne Sp. z o.o.
February 9, 2015
Kompania Weglowa S.A., Four Rybnik-based mines

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